February 13, 2008 / 9:41 PM / in 10 years

Catalyst posts quarterly profit on tax adjustment

VANCOUVER, British Columbia, Feb 13 (Reuters) - Catalyst Paper Corp CTL.TO posted a fourth-quarter profit on Wednesday on an adjustment of its taxes.

It had a net profit of C$12.4 million, or 6 Canadian cents a share. That compared with a loss of C$37.2 million, or 17 Canadian cents a share, in the same quarter a year earlier. (Reporting Allan Dowd, Editing Peter Galloway)

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