Avenor's Fourth Quarter Results Reflect Lower Transaction Prices for Pulp and Paper (Part 1 of 2, Financial Tables Will Follow).

Business Wire › January 23, 1997

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Avenor's Fourth Quarter Results Reflect Lower Transaction Prices for Pulp and Paper (Part 1 of 2, Financial Tables Will Follow).

MONTREAL--(BUSINESS WIRE)--Jan. 23, 1997--(TSE;ME AVR ) Avenor reported a net loss applicable to common shares for the fourth quarter of $19.1 million, or $0.29 per share on operating earnings of $4.3 million and net sales of $500.8 million. For the same quarter last year, net earnings applicable to common shares were $116.9 million, or $1.74 per share ($1.61 fully diluted) on operating earnings, before unusual items, of $178.9 million and net sales of $654.0 million. Unusual items in 1995 of $24.8 million reflected the reversal...

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