/C O R R E C T I O N -- Mercer International Inc./
May 10 2005 - 3:26PM
PR Newswire (US)
/C O R R E C T I O N -- Mercer International Inc./ In the news
release, Mercer International Inc. Reports 2005 First Quarter
Results, issued earlier today by Mercer International Inc. over PR
Newswire, in the first table, Summary Selected Highlights, the
first line item, Revenues, should read "euro 97,893" for 2005
rather than "euro 50,316" and the figure for 2004 should read "euro
50,316" rather than "97,893" as incorrectly transmitted by PR
Newswire. The complete, corrected table follows: Summary Selected
Highlights Three Months Ended March 31, 2005 2004 (in thousands)
(unaudited) Results of Operations Revenues euro 97,893 euro 50,316
Loss from operations (894) (1,896) Operating EBITDA(1) 10,093 4,397
Interest expense (19,263) (2,988) Derivative financial instruments,
net (3,859) (22,445) Impairment of investments (1,645) - Income tax
(provision) benefit (3,035) 20 Net loss (19,667) (18,966) Loss per
share (basic and diluted) (0.77) (1.11) (1) For a definition of
Operating EBITDA, see page 6 of this press release and for a
reconciliation of net loss to Operating EBITDA, see page 5 of the
financial tables included in this press release. PRNewswire -- May
10 DATASOURCE: Mercer International Inc.
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