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Recent News

Catalyst Paper Q1 results impacted by restructuring costs
Thursday, May 10, 2012

Richmond, (BC) – Catalyst Paper recorded a net loss of $25.6 million in the first quarter of 2012 due primarily to the impact of restructuring and reorganization expenses of $27.6 million. Before specific items, the net loss was $9.6 million. This compared with a net loss of $708.0 million and $41.7 million before specific items in the fourth quarter which was impacted by significant impairment charges on Canadian operations and on Snowflake mill lands, restructuring costs and foreign exchange.

Asset impairments drive 2011 loss, negative outlook leads to CCAA filing
Thursday, March 1, 2012

Richmond, (BC) – Catalyst Paper (TSX:CTL) posted a net loss of $974.0 million ($2.55 per common share) in 2011 due in large part to asset impairments on Canadian and Arizona-based operations. Other factors contributing to the loss were capital restructuring costs, a foreign exchange loss on the translation of U.S. dollar denominated debt and fire-related outages at the Snowflake and Powell River mills. The company’s net loss in 2010 was $396.9 million ($1.04 per common share).

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