BRIEF-Sappi Ltd Posts Qtrly Sales Of $1.30 Bln

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BRIEF-Sappi Ltd Posts Qtrly Sales Of $1.30 Bln
Credit: © Reuters.

Feb 5 (Reuters) - Sappi Ltd SAPJ.J :

* JSE: SAP - RESULTS FOR THE QUARTER ENDED DECEMBER 2019

* SAPPI LTD - QTRLY HEADLINE EPS 4 CENTS

* SAPPI LTD - NET DEBT OF US$1,916 MILLION WAS US$359 MILLION HIGHER THAN AT END OF EQUIVALENT QUARTER LAST YEAR

* SAPPI LTD - QTRLY SALES $1,302 MILLION VERSUS $1,418 MILLION

* SAPPI - PROFITABILITY IN PACKAGING AND SPECIALITIES SEGMENT IN QUARTER IMPROVED DESPITE A SLUGGISH CONTAINERBOARD MARKET IN SOUTH AFRICA

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