CORRECTED – CORRECTED-UPDATE 1-Mercer posts Q3 profit on higher pulp product

(Corrects paragraph 7 to show that pulp production in the third
quarter was 380,900 ADMT, not 380.9 million, and in the
year-ago quarter was 345,800 ADMT, not 345.8 million)

* Q3 profit 82 euro cents vs loss 39 euro cents last year

* Q3 pulp revenue up 54 percent

Nov 1 (BestGrowthStock) – Mercer International Inc (MRIu.TO: )
(MERC.O: ) posted a third-quarter profit (Read more your timing to make a profit.) on higher pulp
production.

Mercer, which produces market northern bleached softwood
kraft (NBSK), the paper industry’s benchmark for pulp, said it
is well positioned to continue to take advantage of
historically strong NBSK pulp prices, as there is no scheduled
downtime at its mills.

Mercer also said it expects sales of surplus energy from
the completion of its Celgar energy project in British Columbia
to provide the company a new, stable revenue source unrelated
to pulp pricing.
For the July-September quarter, the company posted net income
attributable to common shareholders of 46.1 million euros
($64.03 million), or 82 euro cents a share, compared with net
loss of 14.1 million euros, or 39 euro cents a share a year
ago.

Mercer, which has operations in eastern Germany and western
Canada, said pulp revenue rose 54 percent to 224.7 million
euros.

Analysts on average were expecting earnings of 46 euro
cents a share on revenue of 209.06 million euros, according to
Thomson Reuters I/B/E/S.

Pulp production for the quarter was 380,900 air-dried
metric tons (ADMT), compared with 345,800 ADMT last year.

Mercer shares closed at $5.41 on Monday on Nasdaq and at
C$5.48 on the Toronto Stock Exchange.
($1=.7199 Euro)
(Reporting by Arnika Thakur in Bangalore; Editing by Maju
Samuel)

CORRECTED – CORRECTED-UPDATE 1-Mercer posts Q3 profit on higher pulp product