Norske Skog has bought back bonds totalling USD 25 million (par value) at a price of 68 per cent in a USD bond loan maturing on Oct 15, 2011.
Operating profit excluding special items US$89 million (Q3 2008: US$88 million; Q4 2007: US$96 million) Special items a net pre-tax charge of US$64 million Basic EPS a loss of 14 US cents (unfavourably impacted by special items of 35 US cents) Quarter benefited from higher prices in Europe and North America Input costs remained high, including wood, energy and chemical costs Major strategic achievements: Strong shareholder support and approval for announced acquisition of M-reals coated graphic paper business for 750 million Saiccor expansion commissioned
Pamela Crouser, co-owner of CPrint, Certified Printers International, is featured in the November edition of Entrepreneur Magazine, in an article entitled “A Meeting to Remember”. The piece leads with her role in setting up off-site conferences for the companys affiliates across North America.
— 4Q dividend is $.25 per share. — Full year 2008 declared dividends are $1.00 per share, 28% higher than in 2007. — Dividend yield is approximately 5.9% (based on $17 stock price). — 37 consecutive annual dividend increases, averaging over 14% compound annual growth.
Hans H. Wegner, National Geographic, to be Honored at the 25th GALA Award Banquet and Reception
Thorsten Thiel succeeds Stephan Krauss
Rexam, a global leader in consumer packaging, recently announced that it has appointed Misha Riveros Jacobson to lead its Plastic Packagings Personal Care division.
