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BRIEF-Tembec Q3 loss per share C$0.16

Published 2015-07-30, 08:35 a/m
BRIEF-Tembec Q3 loss per share C$0.16
TMB
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July 30 (Reuters) - Tembec Inc TMB.TO :
* Reports financial results for its third quarter ended June 27, 2015
* Q3 loss per share C$0.16
* Q3 sales C$365 million versus C$404 million
* The June 2015 quarter results were significantly impacted by major planned
maintenance at both pulp mills
* Unexpected price declines for certain products combined with stronger
Canadian dollar, negatively impacted prices in all business segments
* A lower sales mix at the Temiscaming facility also contributed to lower
average selling prices for specialty grades"
* Says remain bullish on the medium and longer term outlook for lumber, driven
by a gradual recovery in US housing starts
* Weaker demand for certain specialty grades that began in late 2014 continued
into the first half of calendar 2015"

* Source text for Eikon ID:nCNWpBg3ya

* Further company coverage TMB.TO

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