A bit of improvement in results for Domtar in the fourth quarter of 2020.
The company is reporting a net loss of $59 million, down from $92 million in quarter three.
In comparison the company recorded a net loss of $34 million in the fourth quarter of 2019.
Sales for the fourth quarter last year were $0.9 billion.
Senior Vice-President, Chief Financial Officer and Acting Chief Executive Officer Daniel Buron says in pulp, the company improved their cost performance thanks to lower maintenance costs, a cost reduction program and favourable wood costs.
Buron says market conditions also improved.
He notes operating loss was $20 million in the fourth quarter, compared to $152 million in quarter three.
