Domtar is reporting a net loss of $340-million for the fourth quarter of 2017.
That’s compared to net earnings of $70-million in the third quarter.
President and Chief Executive Officer John Williams says higher maintenance and seasonally high operating costs impacted their Pulp and Paper results.
However, Domtar is signalling a strong performance for the company.
Sales for the final quarter of the year were $1.3-billion.
Williams says shareholders benefited as a result as they have announced a 4.8% dividend increase.
He notes that’s the seventh dividend increase in the last eight years.
Williams adds Domtar was able to ship record volumes of tissue grade and fluff pulp.
