Sappi reports Q1 loss on lower prices and shipments, but recovery in certain regions exceeds expectations

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Sappi‘s performance in the first quarter of its 2021 financial year, which ended on 31 December 2020, did not put the company back on track for success. With sales decreasing by 11 per cent, its operating profits plunged by 70 per cent to $16m year-on-year. Below the line, Sappi posted a net loss of $17m, compared ...

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