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.