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Cascades Inc.

09:40 AM EST - Cascades Inc. : reported second-quarter net earnings of $30 million or $0.30 per share, compared to net loss of $25 million or $0.25 per share last year. The company noted that the prior-year results were restated. Net earnings from continuing operations was $30 million or $0.30 per share, compared to net loss from continuing operations of $24 million or $0.24 per share in the prior-year quarter. Excluding specific items, net earnings was $28 million or $0.28 per share, compared to a net loss of $11 million or $0.11 per share in the same period of last year. Cascades Inc. shares T.CAS are trading even at $5.30.