Thursday, April 9, 2009

Marathon Pulp Profits

2009-04-09

07:46:14

A northwestern Ontario pulp company that filed for bankruptcy this year is showing a tidy profit.

The accountants are now scrambling to correct the report, which had told creditors Marathon Pulp lost nearly nine-million dollars by the end of September 2007. But information released this week by the operation's trustees shows the mill had net earnings of 6-point-2 million.

Officials attribute the difference in numbers to a typo.