Domtar Inc. reported its profit soared 380 percent in the first quarter due to higher paper prices and productivity improvements. Domtar is the largest producer of specialty and fine papers in Canada.
Net earnings jumped to $48.7 million, from last year's C$15 million. Net sales rose 26 percent to C$873 million from C$695 million a year ago, the Montreal-based company said.
Operating profit reached C$138 million compared with C$55 million.
Explore the April 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- AF&PA report shows decrease in packaging, printing-writing shipments
- Report claims bottled water growth rate outperforms other packaged drinks by volume
- WasteVision AI partners with Samsara
- Ragn-Sells receives Sweden’s Best Managed Companies recognition
- Aduro commissions Delphi to conduct analysis of Hydrochemolytic technology
- Cyclic Materials, Lime announce partnership
- LiuGong debuts equipment at WasteExpo 2025
- Commentary: The role of insurance in supporting critical minerals recycling in the UK
