Canfor’s Q1 Profit Up 25% As Lumber Prices Remain Elevated

Industry News

Canfor (CFP) has reported a 25% increase in net profits as North American lumber prices remain near record highs. The Vancouver-based forest products company said it earned $534 million, or $4.29 per share, in the first quarter of this year, up from $427.8 million, or $3.42 per share, a year earlier.Profits were $529 million, or…

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