IHS Chemical Week

People & Business :: Earnings/Finance

Canexus swings to loss, but stock market positive

3:46 PM MDT | March 14, 2014 | Clay Boswell

Canexus (Calgary, AB) reports a loss of C$344,000 ($310,000) for the fourth quarter of 2013, down from a profit of C$14.6 million in the year-ago quarter. Sales declined 4% year-over-year (YOY) to $139.8 million. The company’s share price, which had tumbled after the resignation of president and CEO Gary Kubera on 6 March, sprang back the day after the earnings release, climbing 37 cents on 14 March to close at $5.04/share....

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