Posted AT 9:42 AM EST on 18/11/09
Tembec loss widens in quarter
Montreal — A weak lumber market combined with a deterioration in the newsprint sector caused
Tembec
to post a larger net loss in the fourth quarter.The forestry products company reported a net loss of $17-million or 17 cents per share in the quarter ended Sept. 26. That widened from a year-ago net loss of $4-million or 4 cents per share.Revenues totalled $451-million, down from $629-million last year.
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