Tembec sales rise in Q2

MONTREAL ― Tembec reported consolidated sales of $380 million, up from $348 million a year ago. The forestry company generated net earnings of $27 million or $0.27 per share for the quarter compared to a net loss of $40 million or $0.40 per share in 2015. The current results include a non-cash gain of $27 million related to the translation of US dollar denominated debt. The comparable quarter of the prior year included a non-cash loss of $37 million related to the translation of US dollar denominated debt.