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Cascades Inc. CAS-T reported a loss in its latest quarter compared with a profit a year ago as its sales rose.

The company says it net loss attributable to shareholders amounted to $2-million or two cents per diluted share for the quarter ended Sept. 30.

The result compared with a profit of $32-million or 32 cents per diluted share a year earlier.

Sales totalled $1.17-billion, up from $1.03-billion in the same quarter last year.

On an adjusted basis, Cascades says it earned 20 cents per share in its latest quarter compared with an adjusted loss of a penny per share in the same quarter last year.

Cascades CEO Mario Plourde says the company’s third-quarter performance was in line with expectations notwithstanding the fact that its tissue segment continued to face unprecedented cost inflation and reduced productivity due to labour scarcity and inefficiencies.

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