XML FeedsAbitibiBowater posts net loss of $510 million
Aug 12, 2009 | In Financial News | 1 feedback »
AbitibiBowater has posted their quarterly results and have reported a net loss of $510 million (or about $8.84 per share) with an operating loss of $285 million.
In comparison, in the same quarter last year, the company reported a net loss of $251 million (or about $4.36 per share).
Sales fell to $1.04 billion from $1.7 billion a year earlier.
The company posted an operating loss excluding interest expenses and one-time charges of about $285 million for the period ending June 30, far larger than its $63 million loss a year ago.
Read more:
Bankrupt AbitibiBowater posts bigger Q2 loss (Reuters)
1 comment
Comment from: birchbarkcanoe [Member] 
Nothing like more good news. It gets better everyday...
12/08/09 @ 18:10
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