Sappi Squeezed by Costs.

Byline: Mario Ricchio

Nov 12, 2008 (Zacks Investment Research via COMTEX) -- Sappi Ltd. (SPP) has grown through a series of strategic acquisitions to become a global manufacturer of fine paper, coated specialty paper and pulp.In the fourth quarter, the company reported a net loss of $0.14 per ADR during the quarter, compared to a net income of $0.33 per ADR in the fourth quarter of FY07. Reported earnings in 4Q08 include an unfavorable adjustment of $0.35 per ADR related to special items, while 4Q07 earnings include a favorable impact of special items of approximately $0.03 per ADR.However, input costs -- such as wood, chemicals and energy is trending lower -- which …