Domtar Profits Up

There might be some good news on the horizon for the pulp and paper industry in Canada.

Montreal-based pulp and paper giant Domtar says its net profits doubled in the second quarter even as sales declined year-over-year.

The company saw net earnings of 48-million dollars U-S in the quarter.

Consolidated sales declined to 1.3 billion dollars from 1.6 billion the year before.

Domtar says the pulp and paper markets appear to be stabilizing.