Abitibi Posts Operating Loss of $85 Million in Third Quarter
By 250 News
Abitibi-Consolidated is reporting third quarter net earnings of $54 million, compared to a loss of $48 million in the third quarter of 2006.
The net earnings however came as a result of a gain of $168 million on translation of foreign currencies, a $24 million dollar gain on the disposal of a portion of the company’s timberlands in
In the third quarter of 2007, the company posted an operating loss of $85 million before specific items, compared to an operating profit of $10 million in the third quarter of 2006. The Newsprint, Commercial Printing Papers and Wood Products segments had operating losses of $19 million, $38 million and $28 million respectively.
Abitibi operates a paper mill in Mackenzie as well as 2 saw mills and 2 planer mills. The company has 45 other operations in Canada in
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I would seriously hope to see some leadership from Mr.Campbell and the rest of the party animals in Victoria in regards to what is happening to the forest industry throughout the north.
(actually, everywhere else too)
Instead, we are getting all the Olympic retoric and downplayed gross cost overruns on such useless venues as the Trade Center in Vancouver!
In case you have forgotten Gordo,we are still up here doing our best with a bad situation!
What will the lower mainland do without the tax dollars from the north??
Time for a shake-up!