Sappi shares extend losses

Comment on this story
Paper REUTERS Picture: Reuters.

Johannesburg - Shares in Sappi extend losses, falling more than 4 percent, after low prices hurt the company's first-quarter profit.

The South African paper and pulp producer said on Wednesday its diluted headline earnings per share for the quarter to the end of December fell nearly 63 percent year-on-year to 3 US cents.

Sappi shares, which fell to nearly 6 percent on Wednesday, were down 4.14 percent at 27.80 rand. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines