09:48 AM EST - Cascades, Inc. : reported a loss for the fourth quarter compared to a profit last year, hurt by unrealized loss on financial instruments, impairment loss and restructuring costs, despite a nine-per-cent revenue growth. However, adjusted profit climbed, helped by higher selling prices, lower raw material and energy costs, and the depreciation of the Canadian dollar. The Quebec-based company reported net loss of $19 million or $0.20 per share for the fourth quarter, compared to net earnings of $12 million or $0.12 per share in the prior-year quarter. Net loss from continuing operations was $19 million or $0.20 per share, compared to net earnings of $23 million or $0.23 per share in the comparable quarter a year ago. Cascades, Inc.
shares T.CAS are trading down $0.03 at $2.77.
