Canfor Pulp Announces 2019 and Fourth Quarter 2019 Results

February 21, 2020
Category: Finance & Economics
Region: Canada, United States

Canfor Pulp Products reported a 2019 operating loss of $31 million; net loss of $31 million, or $0.47 per share. Fourth quarter of 2019 reported operating loss of $24 million; net loss of $20 million, or $0.30 per share. …Commenting on the results, Don Kayne said, “Clearly, this was an extremely challenging year and another difficult quarter for our pulp business given the weak market fundamentals.. we are very focused on optimizing our production performance, reducing costs, and maximizing fibre utilization in the coming months, as we look to fully capitalize on the projected improvement in market conditions through 2020 and 2021.”

Read More