Strong lumber prices boost Canfor’s first-quarter profits 25% despite pulp losses

Canfor Corp. CFP-T 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 a year earlier.Adjusted profits…