Sappi Limited reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported sales was USD 1,442 million compared to USD 1,858 million a year ago. Net income was USD 69 million compared to USD 188 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.32 a year ago.
For the six months, sales was USD 3,102 million compared to USD 3,555 million a year ago. Net income was USD 259 million compared to USD 311 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.52 a year ago.