MONTREAL, CANADA (WSAU) - Domtar released its earnings report, which was down about 31 percent. 4th quarter earnings were 54 cents a share compared to 1.63 a share in the third quarter.
In a press release, the company attributed the decrease in net earnings to lower average selling prices for pulp and paper, higher unit costs for fiber and energy, higher freight and maintenance costs and lower pulp and paper volumes.
Domtar President and CEO John Williams said they completed two acquisitions in their Personal Care business, announced the conversion of a mill to manufacture specialty papers and launched several innovative projects that provide alternative uses for wood fiber and by-products.
Domtar employs about 450 people at Nekoosa and another 400 in Rothschild.