BRIEF-Sappi Says QTRLY Headline Loss Per Share 12 Cents

  • Reuters
  • Stock Market News
BRIEF-Sappi Says QTRLY Headline Loss Per Share 12 Cents
Credit: © Reuters.

July 30 (Reuters) - Sappi Ltd SAPJ.J :

* DECLINE IN GRAPHIC PAPER DEMAND IN EUROPE AND US DUE TO COVID-19 REACHED A LOW IN JUNE, AND A SLOW RECOVERY IS UNDERWAY

* EXPECT SLOW RECOVERY IN OUR MARKETS TO PROGRESS IN COMING QUARTER

* CAPITAL EXPENDITURE IN LAST QUARTER IS EXPECTED TO BE APPROXIMATELY US$110 MILLION.

* QTRLY SALES $907 MILLION VERSUS $1,371 MILLION

* AS A RESULT OF FORCE MAJEURE DECLARATION AT SAICCOR EXPANSION PROJECT, COMPLETION IS NOW ESTIMATED IN Q3 OF FY2021

* QTRLY HEADLINE LOSS PER SHARE 12 CENTS

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