(Bloomberg) -- Bowater Inc., the newsprint maker
merging with Abitibi Consolidated Inc., said a second-quarter
loss widened on lower prices and losses resulting from a
stronger Canadian dollar.
The net loss was $62.6 million, or $1.09 a share, compared
with $10.6 million, or 18 cents, a year earlier, Greenville,
South Carolina-based Bowater, which has six of its 12
papermaking plants in Canada, said today in a statement. A 75-
cent loss was expected, the average estimate of 12 analysts
surveyed by Bloomberg. Sales fell 11 percent to $798.6 million.
Read more at Bloomberg Commodities News
merging with Abitibi Consolidated Inc., said a second-quarter
loss widened on lower prices and losses resulting from a
stronger Canadian dollar.
The net loss was $62.6 million, or $1.09 a share, compared
with $10.6 million, or 18 cents, a year earlier, Greenville,
South Carolina-based Bowater, which has six of its 12
papermaking plants in Canada, said today in a statement. A 75-
cent loss was expected, the average estimate of 12 analysts
surveyed by Bloomberg. Sales fell 11 percent to $798.6 million.
Read more at Bloomberg Commodities News
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