×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Sappi, the world’s largest manufacturer of dissolving wood pulp, says it is cautiously optimistic that its earnings will normalise by about mid-2021, after the first waves of Covid-19 shaved off some $300m (R4.7bn) in operating profits during its year to end-September.

The group idled plants as demand for wood pulp and graphic paper wilted during the pandemic, but CEO Steve Binnie said there has already been a partial recovery, though a second wave of Covid-19 remains a threat...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.