Domtar Released Third Quarter Earnings

Domtar has posted a higher third-quarter profit thanks to improved pulp prices.
The forest company reported net earnings of $183-million, compared with $43-million the same period lat year.
Officials say all of their businesses posted improved profits, most notably in pulp, which benefited from higher prices, better demand and lower downtime costs due to the restart of their woodland and Dryden pulp mills.
Domtar expects costs to rise in the 4th quarter due to the high Canadian dollar and planned maintenance shutdowns.