Quebecor World Posts $77.7 Million 2Q Loss
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Quebecor World Inc., the troubled printer currently undergoing a restructuring during bankruptcy protection from its creditors, announced this week that it posted a second-quarter net loss of $77.7 million, or $0.44 per share. The loss well exceeded last year’s second-quarter loss of $10.8 million, or $.04 per share.
“We have made important progress in the last six months to preserve the long-term sustainable profitability of our company while working through a process to ensure fair and equitable consideration for all stakeholders,” said Jacques Mallette, president and CEO of Quebecor World.
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