Skip to main content

Domtar president and CEO John Williams.

SHAUN BEST/SHAUN BEST/REUTERS

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.

Story continues below advertisement

Sales were flat at $1.37-billion.

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles as we switch to a new provider. We are behind schedule, but we are still working hard to bring you a new commenting system as soon as possible. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.