(Canada) In its first quarterly report since merging with the paper business of U.S. forestry giant Weyerhaeuser, Domtar Corp. (TSX: UFS) has recorded an US$11 million profit.
"Given the headwinds our organization has faced with the strength of the Canadian dollar impacting costs at our Canadian mills, the weakness in the demand for fine papers so far in 2007 and the fact that we are still in the early stage of the integration process, I find this to be quite a solid performance," CEO Raymond Royer said Monday in a conference call.
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