Poor earnings but strong cash flow from operations following aggressive production curtailments; operating profit excluding NRI and fair valuations EUR 28.4 million, cash flow from operations EUR 236.7 million for the fourth quarter
Mitsubishi Heavy Industries, Ltd. (MHI), reflecting recent business conditions, today revised the estimates of the company’s consolidated financial results for the fiscal year (FY) 2008 (April 1, 2008, to March 31, 2009,) announced on October 31, 2008.
Earnings per share for 2008 were EUR -0.35 (EUR 0.16), excluding special items EUR 0.42 (EUR 1.00); Operating profit for the year was EUR 24 million (EUR 483 million), excluding special items EUR 513 million (EUR 835 million); Operating loss for the fourth quarter was EUR 286 million (profit of EUR 142 million), excluding special items a loss of EUR 46 million (profit of EUR 194 million).
The first issue of GALA published under license in Lithuania made its newsstand debut at the end of January 2009.
The new business park established on the premises of the closed Kajaani paper mill has been named Renforsin Ranta (Shore of Renfors) after a local diversified manufacturer Herman August Renfors (1849-1928).
Domtar Corporation (NYSE/TSX: UFS) announced today that it will permanently reduce its fine paper manufacturing at its Plymouth, North Carolina mill, by shutting down one of the two paper machines comprising the mill’s fine paper production unit.
Earnings per share for 2008 were EUR -0.35 (0.16) excluding special items EUR 0.42 (1.00)
