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| | Sappi shrugs off zero earnings : Moneyweb (Site not responding. Last check: 2007-10-10) |
 | | SAPPI, the world’s No1 producer of coated fine paper, has posted zero earnings per share for the quarter to December 31, 2005, against a loss of $0.08 for the year-ago period. |
 | | Sappi stated an “unprecedented level of excess capacity led to falling prices” for its products, and illustrated in a graph that the gap between supply and demand has been higher than the historical average since around 2000. |
 | | Sappi’s operating profit peaked in the year to September 30, 2002, at $402m, falling to $272m the next year, $188m in 2004, and then crashed to a loss of $137m in the 2005 year. |
| www.moneyweb.co.za /education/investment_insights/880325.htm (521 words) |
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