Domtar Profits Down Sharply

Domtar says its fourth-quarter profit was down sharply, both compared with the year-earlier results and the previous quarter.
Net income dropped to $19-million or 54-cents per share in the three months ending December 31st.
That’s down from $61-million or $1.63 per share in the fourth quarter of 2011 and $66 million or $1.84 per share in the third quarter of 2012.
Domtar’s revenue was also down, but not by much, falling about $70-million to $1.33-billion from $1.4 billion.
Adjusted earning was also down year-to-year and quarter-to-quarter, amid lower selling prices and sales volumes as well as higher costs for fiber, energy, transportation and overhead.