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Gold/Mining/Energy : Repap (RPAPF)
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To: leigh aulper who wrote (471)4/28/2000 8:53:00 PM
From: Apex  Read Replies (1) of 485
 
This news is better than expected.

Repap's loss less amortization expense is only $3.1mil for 2000 compared to $8mil in 1999.

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...part of Q1 report...
Repap reported a loss of $12.5 million ($0.02 per share) during the first
quarter of 2000 compared to a loss of $9.3 million ($0.01 per share) in the
corresponding quarter of 1999, and a loss of $10.1 million in the fourth
quarter of 1999. However, the first quarter of 2000 included the amortization
of non-cash currency hedging losses incurred in 1992 of $9.4 million compared
to $1.2 million in the first quarter of 1999 and $1.7 million in the fourth
quarter.
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