Sappi Limited reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 1,272 million compared to USD 1,660 million a year ago. Net loss was USD 126 million compared to net income of USD 190 million a year ago.

Basic loss per share from continuing operations was USD 0.23 compared to basic earnings per share from continuing operations of USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to diluted earnings per share from continuing operations of USD 0.32 a year ago.