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Domtar president and CEO John Williams. (SHAUN BEST/SHAUN BEST/REUTERS)
Domtar president and CEO John Williams. (SHAUN BEST/SHAUN BEST/REUTERS)

Domtar profit tumbles, sales flat Add to ...

Domtar Corp. profit tumbled in the fourth quarter as the paper and pulp producer was affected by both a seasonal slowdown and the rapid decline in global pulp prices.

The Montreal-based company says profit dropped to $61-million (U.S.), or $1.63 per share in the three month period ended.

That compares to a profit $325-million, or $7.59 per share a year earlier.

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Sales were flat at $1.37-billion.

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