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RPT-Catalyst Paper posts loss as fiber woes continue

Tue Apr 29, 2008 11:04pm IST
 
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VANCOUVER, British Columbia, April 29 (Reuters) - Catalyst Paper Corp (CTL.TO: Quote, Profile, Research) reported a loss in the first quarter on Tuesday as a shortage of wood fiber forced it to curtail production even as paper markets improved.

The company had a net loss of C$37.4 million, or 17 Canadian cents per share, on sales of C$399.5 million.

That compares with a net loss of C$25.6 million, or 12 Canadian cents a share, on sales C$478.1 million a year earlier. (Reporting Allan Dowd; Editing by Bernadette Baum)

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