AbibitiBowater Third Quarter Results

AbitibiBowater had a $44-million loss in the third quarter, as a weak dollar and special items more than
offset its operational profit.
The Montreal-based paper and timber producer says it had $96
million of special items, including a $69-million non-cash charge
related to currency translation.
AbitibiBowater also reported $14 million related to asset
impairments and closure costs and about $13 million of various
charges related to its restructuring.
It would have had a profit of $52 million or 53 cents per share
without the special items.
Including all items, AbitibiBowater’s loss amounted to 46 cents
per share _ a reduction from $14.35 per share or $829 million in the
third quarter of 2010.
Revenue was about $1.2 billion in each period.