Sappi Limited reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 1,326 million compared to USD 1,818 million a year ago. Net income was USD 40 million compared to USD 199 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.33 a year ago.
For the nine months, sales was USD 4,428 million compared to USD 5,373 million a year ago. Net income was USD 299 million compared to USD 510 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.91 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.86 a year ago.