Canfor cites lower pulp prices as fourth-quarter profit falls to $4.7M
VANCOUVER – Canfor Pulp Products Inc. (TSX:CFX) is reporting a lower year-over-profit in the fourth quarter as lower pulp prices and a higher Canadian dollar trumped increased shipments and lower manufacturing costs. The Vancouver-based forest products company says net income was $4.7 million or seven cents per diluted share in the three months ended Dec. 31, down sharply from $15.8 million or 22 cents per share in the same 2011 period. Revenue fell to $201.9 million from $212.7 million.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.