February 27, 2008 / 11:17 AM / 10 years ago

Cascades posts a fourth-quarter profit

TORONTO, Feb 27 (Reuters) - Cascades Inc (CAS.TO) said on Wednesday it returned to profitability in the fourth-quarter helped by an acquisition and higher prices for packaging and paper products.

The company earned C$12 million, or 12 Canadian cents a share for the period ended Dec. 31, compared with a loss of C$46 million, or 56 Canadian cents a share in the same quarter a year earlier. ($1=$0.98 Canadian) (Reporting by Scott Anderson; Editing by Derek Caney)

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