Metsä Tissue supplies hygiene paper products and solutions for public washrooms, industrial...
Cascades FY 2018 sales increased by 11 per cent
Cascades Inc. reports its unaudited financial results for the three-month period ended December 31, 2018. Sales of $1,196 million increased by $114 million, or 11%, compared to the same period last year. This was driven by a 13% increase in the Tissue segment reflecting volume improvements, and a more favourable sales mix, exchange rate and average selling price during the period.
Cascades generated an operating income before depreciation and amortization (OIBD) of $37 million in the 4Q 2018. This compared to the $104 million generated in the comparable period last year.
For the three-month period ended December 31, 2018 , Cascades posted a net loss of $65 million , or$0.69 per share, compared to net earnings of $57 million , or $0.60 per share in the same period of 2017. On an adjusted basis, the Corporation generated break even net earnings in the 4Q 2018, or $0.00per share, compared to net earnings of $13 million, or $0.14 per share, in the same period of 2017.
Source: Lesprom Network