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.
Sales were flat at $1.37-billion.
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