AbitibiBowater Reports More Losses

AbitibiBowater, which has been under bankruptcy protection since April, says its second-quarter losses have doubled to more than half-a-billion dollars U-S.

The loss compares with a $251 million shortfall a year ago.

A report filed with the U.S. Securities and Exchange Commission this week indicates second-quarter revenues plunged nearly 39 per cent to just over one billion dollars.

While the losses affected all areas of the business, newsprint -- AbitibiBowater's specialty -- was particularly affected with revenues tumbling 44 per cent over the past year.