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Article: Catalyst posts improved results but market challenges persist.(Financial report)
- Article from:
- Real Estate Weekly News
- Article date:
- November 20, 2009
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Catalyst Paper (TSX:CTL) recorded net earnings of $13.2 million ($0.03 per common share) on sales of $263.4 million for the third quarter of 2009 compared to a net loss of $1.9 million ($0.01 per common share) on sales of $291.5 million in the second quarter. Net earnings reflect a $33 million after-tax gain on translation of long-term U.S. dollar denominated debt, comparable to the gain in the second quarter.
Before this specific item, Catalyst posted a net loss in the third quarter of $19.8 million ($0.05 per common share), compared to a net loss before specific items of $25.6 million in the second quarter ($0.06 per common share). Catalyst's third quarter ...