Georgia-Pacific Corp. reported third quarter of $81 million, before a one-time loss, compared with income from continuing operations of $130 million during the same period last year. The company incurred a one-time $68 million pre-tax loss on the sale of a portion of its pulp and paper facilities to Domtar Inc. for $1.65 billion, resulting in a third quarter 2001 loss from continuing operations of $182 million.
Total sales for G-P in the third quarter were $6.3 billion compared with $5.4 billion in the third quarter 2000 and $6.6 billion in the second quarter 2001. Earnings before income taxes, depreciation and amortization (EBITDA) were $777 million. Debt for Georgia-Pacific was reduced to $13.1 billion by the third quarter's end, compared with $15 billion at the end of the second quarter 2001.
For the year to date, Georgia-Pacific reported a loss from continuing operations of $289 million versus income from continuing operations of $530 million in 2000.
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