Brazilian pulp maker Suzano posted a core profit and a net revenue for the fourth quarter above analysts’ expectations, while also announcing a new share buyback program and its market pulp strategy for the year. Core profit, or adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), stood at 5.58 billion reais, down 14% year-on-year. Suzano attributed the core profit fall to a lower average net pulp price and the depreciation of the US dollar against the Brazilian real in the period. Net profit of 116 million reais reversed a 6.7 billion real loss, on the back of lower net financial expenses. Net revenue fell 8% to 13.1 billion reais. Volumes of pulp sold by Suzano rose 4% to 3.4 million metric tons; paper sales increased 10% to about 474,000 tons.