Edition:
India

Sappi Ltd (SAPJ.J)

SAPJ.J on Johannesburg Stock Exchange

9,759.00ZAc
16 Nov 2017
Change (% chg)

-121.00 (-1.22%)
Prev Close
9,880.00
Open
9,800.00
Day's High
9,960.00
Day's Low
9,649.00
Volume
3,300,237
Avg. Vol
2,141,961
52-wk High
10,543.00
52-wk Low
7,785.00

Latest Key Developments (Source: Significant Developments)

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

Sappi sees 2016 capex in line with last year
Monday, 9 May 2016 

Sappi Ltd : Profit for period US$100 million (q2 2015 us$56 million) period ended March 2016 . Q2 EBITDA excluding special items US$195 million (q2 2015 US$170 million) . Demand remains positive and we remain confident that, at current pricing levels and exchange rates, outlook for this business is positive. . Capex in 2016 is expected to be in line with 2015 and is focused largely on energy and debottlenecking projects in S.Africa together with annual maintenance at mills . As a result of improved operating profits and lower expected finance costs, offset somewhat by increased tax charges, we expect a strong increase in our earnings. .Expect to reduce our net debt further over course of year and improve our financial leverage closer to our target of less than two times net debt to EBITDA.  Full Article