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(USA) U.S.-traded shares of Sappi Ltd. tumbled today after an analyst slashed his earnings estimates on the South African maker of coated fine paper and forest products...
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(India) The Paper Products Ltd, India's leading flexible packaging company, reported 14 per cent rise in net profit in the first half of the current calendar year because of higher realisation in specialised products...
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(Finland) Finnish paper and forest products group UPM Kymmene has reported a "weak" second quarter as its results were hit by high prices for wood and recovered paper and unfavourable exchange rates...
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(USA) The Board of Directors of Temple-Inland has declared a regular quarterly dividend of $0.10 per common share, payable September 15, 2008, to shareholders of record August 29, 2008...
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(Canada) Consolidated sales for the three-month period ended June 28, 2008 were $609 million, down from $712 million in the comparable period of the prior year. The Company generated a net loss of $27 million or $0.27 per share in the June quarter compared...
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(USA) Chesapeake has announced that it has developed a comprehensive refinancing plan to address the upcoming maturity of its bank credit facility and its general liquidity needs...
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(South Africa) Paper and pulp producer Sappi - which posted a loss of $0,28c in earnings per share for the three months to June - says it will be focusing on markets in Europe, where it is gaining ground but still struggling to increase prices...
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(USA)Caraustar Industries has announced that sales from continuing operations for the second quarter ended June 30, 2008 were $217.0 million compared to sales of $221.2 million for the same quarter in 2007....
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(USA) Orchids Paper Products Company has reported net income for the three months ended June 30, 2008 of $887,000, or $.14 per diluted share, compared with $743,000, or $0.12 per diluted share, in the same period in 2007...
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(Filand) Moody's Investors Service said it changed the outlook on the 'Baa3' senior unsecured ratings of UPM-Kymmene (UPM) to negative from stable, reflecting the contraction in the magazine paper maker's profitability of its core operations...
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(Canada) Fraser Papers Inc. has reported financial results for the second quarter and six months ended June 28, 2008. The Company generated a net loss of $15.6 million or $0.31 per share in the second quarter and six months ended June 28, 2008...
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(USA) International Paper has reported preliminary second-quarter 2008 net earnings of $227 million ($0.54 per share) compared with net earnings of $133 million ($0.31 per share) in the 2008 first quarter and $190 million ($0.44 per share) in the second quarter of 2007...
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(India) Emkay maintained a 'buy' rating on Tamilnadu Newsprint (CMP: Rs 93) with a price target of Rs 151..
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(USA) Temple-Inland has reported second quarter 2008 net income of $8 million, or $0.07 per diluted share, compared with second quarter 2007 net income of $66 million, or $0.62 per diluted share, and first quarter 2008 net loss of $13 million, or $0.12 per share...
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The CEO said that Mondi had a “slow start to the year in South Africa”, following a major maintenance shutdown at Richards Bay, to upgrade part of the plant. The start-up after the shutdown also took longer, owing the rupture of two hot water tanks...
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(USA) Smurfit-Stone Container Corporation (Nasdaq: SSCC) today reported a second quarter 2008 adjusted net loss of $31 million, or $0.12 per diluted share. Results compare to adjusted net income of $15 million, or $0.06 per share...
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(USA) RockTenn (NYSE:RKT) today reported earnings for the quarter ended June 30, 2008 of $0.49 per diluted share. The Company's adjusted earnings were $0.70 per diluted share, excluding specific items related primarily to the Southern Container acquisition effective...
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Fitch Ratings said it downgraded Finland-based Stora Enso Oyj's issuer default and senior unsecured ratings to 'BB+'/'B' from 'BBB-'/'F3' signalling the possibility of further downgrade citing deterioration in its operating performance and cash-flow generation in the six months...
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(India) Tamil Nadu Newsprint and Papers (TNPL) is one of the leading manufacturers of printing and writing paper and newsprint in India. The paper sector is one of the most fragmented industries in the country...
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(USA) Potlatch Corporation has reported financial results for the second quarter ended June 30, 2008...
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