<B>Bowater Cites High Costs for Soft Quarter</B>

Bowater Inc. expected fourth quarter earnings to be between $1-$1.10 per diluted share before unusual net charges for as much as $.20 per share.

The company said that demand for newsprint and coated paper was strong during the quarter. However, the company noted that market pulp shipments and increased operating costs at some of its mills to have a negative effect on the company’s quarter.

January 2001
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