Catalyst Q2 results impacted by maintenance
July 31, 2013, Richmond, B.C. – Catalyst Paper reported a net loss of $28.0 million for the second quarter of 2013, a period heavily impacted by maintenance downtime.
Before specific items, the net loss was $18.1 million. Specific items in the second quarter included a $2.1 million gain on the sale of the Elk Falls industrial site, a non-cash loss on the mandatory redemption of Exit Notes of $2.3 million and a $9.6 million non-cash loss on the effect of foreign exchange on its U.S. dollar denominated debt.
This compares with the Q1 net loss of $9.8 million ($0.89 per common share) and $11.6 million net loss before specific items.
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