However shares in the forestry company fell $2.37 or about 12 per cent to $16.70 in trading on the Toronto Stock Exchange as its profit fell short of expectations.
Resolute says it earned $1.06 per diluted share for the quarter ended March 31, compared with a loss of $1 million or a penny per share a year earlier.
Sales totalled $873 million in the quarter, up from $689 million.
Excluding special items, Resolute reported a profit of $1.45 per diluted share, compared with a loss of 33 per share in the first quarter of 2020.
Analysts on average had expected an adjusted profit of $1.66 per share, according to financial data firm Refinitiv.
Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.