This net earnings summary provides a regional comparative analysis of the forest and paper sector’s financial performance for the three-month period ending September 30, 2008. Forest products companies in the US were the only group in this report to turn in an aggregate positive net earnings - US$808 million, down from US$957 in the same period of 2007. Two of the nine US companies reported improved earnings during the period in spite of difficult market conditions.
The six European-based forest products companies in the report incurred an overall net loss of US$314 million, down significantly from US$275 in profits the previous year.
In South America and South Africa the four largest producers reported combined losses of US$407 million in the third quarter of 2008, a major drop from combined positive earnings of US$503 million in the same period of 2007.
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http://www.pwc.com/extweb/pwcpublications.nsf/docid/9BD4CED48FEEDE2E852575160073F243
posted by srikanth.....july9
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