Mercer International posts profit of $21.7 million in 4th quarter

VANCOUVER – VANCOUVER, British Columbia (AP) _ Mercer International Inc. (MERC) on Thursday reported fourth-quarter profit of $21.7 million.

The Vancouver, British Columbia-based company said it had net income of 33 cents per share.

The pulp company posted revenue of $237.8 million in the period.

For the year, the company reported profit of $75.5 million, or $1.17 per share. Revenue was reported as $1.03 billion.

Mercer International shares have dropped 32 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.14, a drop of 55 per cent in the last 12 months.


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Keywords: Mercer International, Earnings Report