Abitibi Consolidated is fairing slightly better than in
2005. The Company posted losses in the fourth quarter of
2006 of 22 million dollars.
Abitibi finished the 2006 year with net earnings of 54
million compared to a deficit of 350 million in 2005.
C.E.O. John Weaver says the company will be making a
profit on their Ontario Hydro Electric Station agreement
with a Quebec Financial Institute.
N053 Q:”…time.” 22 seconds
The hydro electric deal will mean 297 million dollars
from the deal, plus the proceeds from a 10 year loan.
