AbitibiBowater Updates Investors

AbitibiBowater is pledging more cost reductions at its Mills.
The company enjoyed a net profit of $61-million in the last quarter.
However, CEO Richard Garneau says reducing costs remains a priority.
Garneau says the company is still looking at $120-million on capital improvements.
He notes even with economic uncertainty, he’s expects profits to further improve the rest of this year.