Brief: Kp Tissue Releases Q4 And FY2020 Financial Results

KP Tissue

11/03/2021 12:24

March 11 (Reuters) - KP Tissue Inc  KPT.TO :
    * KP TISSUE RELEASES FOURTH QUARTER AND FULL YEAR 2020
FINANCIAL
RESULTS
    * KP TISSUE INC - REVENUE WAS $385.0 MILLION IN Q4 2020
COMPARED
TO $348.1 MILLION IN Q4 2019
    * KP TISSUE INC - NET LOSS WAS $28.5 MILLION IN Q4 2020
COMPARED
TO A NET LOSS OF $6.1 MILLION IN Q4 2019
    * KP TISSUE INC - DEMAND FOR OUR PRODUCTS IS EXPECTED TO
REMAIN
HEALTHY AND MORE STABLE IN CONSUMER SEGMENT IN Q1
    * KP TISSUE INC - IN Q1 AFH SEGMENT WILL HOWEVER CONTINUE TO
SEE
SUPPRESSED DEMAND DUE TO COVID-19 RESTRICTIONS
    * KP TISSUE INC - FOR Q1 2021 ADJUSTED EBITDA IS EXPECTED TO
BE IN
SAME RANGE AS Q4 2020

Source text for Eikon:  ID:nGNX7HgD0h 
Further company coverage:  KPT.TO 

 ((Reuters.Briefs@thomsonreuters.com;))