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October 28, 2021

BC forestry giants post healthy Q3 profits

BC forestry giants post healthy Q3 profits
Two of B.C.’s largest forest companies report they still had healthy earnings in the third quarter, despite lumber prices dipping from a record-breaking highs in previous quarters.    In third quarter financials released Wednesday, West Fraser Timber Co. reported earnings of $460 million, compared to $1.5 billion in Q2, and $260 million in Q3 2020.    Canfor Corp. reported Q3 net income of $210 million, compared to $726 million in Q2 and $218 million in Q3 2020.    West Fraser reported total sales of $2.358 billion ...

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