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Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

8,574.00ZAc
23 May 2018
Change (% chg)

-320.00 (-3.60%)
Prev Close
8,894.00
Open
8,724.00
Day's High
8,840.00
Day's Low
8,574.00
Volume
2,250,754
Avg. Vol
2,060,032
52-wk High
10,394.00
52-wk Low
7,180.00

Latest Key Developments (Source: Significant Developments)

Sappi Says ‍Proposed Acquisition Of Speciality Paper Business Of Cham Paper Group Holding
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Sappi Ltd ::‍PROPOSED ACQUISITION BY SAPPI OF SPECIALITY PAPER BUSINESS OF CHAM PAPER GROUP HOLDING AG​.SAPPI - ‍REACHED AGREEMENT WITH CPG, CO WILL PURCHASE SPECIALITY PAPER BUSINESS ASSETS FROM CPG CONSISTING OF TWO MILLS IN ITALY AND DIGITAL IMAGING BUSINESS IN SWITZERLAND.‍ACQUISITON IS FOR CONSIDERATION OF CHF146.5 MILLION (APPROXIMATELY US$149 MILLION)​.‍CLOSING DATE OF ACQUISITION IS EXPECTED DURING Q1 2018​.  Full Article

Sappi Ltd posts FY profit of $338 million
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - SAPPI LTD ::FY 2017 ‍EBITDA EXCLUDING SPECIAL ITEMS US$785 MILLION (FY16 US$739 MILLION)​.‍FY PROFIT US$338 MILLION (FY16 US$319 MILLION)​.‍FY 2017 EPS EXCLUDING SPECIAL ITEMS 64 US CENTS (FY16 57 US CENTS)​.FY ‍NET DEBT US$1,322 MILLION, DOWN US$86 MILLION YEAR-ON-YEAR​.‍DIVIDEND OF 15 US CENTS DECLARED​.  Full Article

Sappi reports eight-fold growth in Q3 profit
Thursday, 4 Aug 2016 

Sappi Ltd : Q3 profit for period us$32 million versus $4 million in 2015 . Specialised cellulose business generated $75 million of ebitda, a 34 pct improvement over equivalent quarter last year . Will produce more DWP at our Cloquet Mill . Capex expenditure in last quarter of fiscal 2016 is expected to be approximately $100 million . Q3 EPS excluding special items was 11 us cents versus 2 us cents in 2015 . Q3 sales $1,223 million versus $1,272 million last year . Coated graphic paper markets continued to be challenging during quarter and demand was somewhat weaker than in recent periods . Demand for DWP remains favourable and recent improvements in textile fibre prices, vsf operating rates should support DWP prices at current levels for coming months . "Graphic paper markets have weakened in europe and united states in past quarter, with both volume and pricing under pressure" .Sees Q4 EBITDA excluding special items to be approximately in line with that of performance in equivalent quarter last year.  Full Article

South Africa's Sappi posts 30 pct drop in Q1 profit

JOHANNESBURG, Feb 7 South African pulp and paper maker Sappi reported on Wednesday a 30 percent drop in first-quarter profit due to charges and an extra week last year, while sales increased slightly.