Strong lumber prices boost Canfor Q1 profits 25 per cent despite pulp losses

Industry News

VANCOUVER — Canfor Corp. is reporting a 25 per cent increase in net profits in its latest quarter on near record high North American lumber prices that also boosted revenues. The Vancouver-based company said it earned $534 million of $4.29 per diluted share in the first quarter, up from $427.8 million or $3.42 per share…

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