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May 4, 2022

Strong lumber prices boost Canfor Q1 profits 25 percent

Strong lumber prices boost Canfor Q1 profits 25 percent
Canfor Corp. is reporting a 25 percent increase in net profits in its latest quarter on near record high North American lumber prices that also boosted revenues.    The Vancouver-based company said it earned $534 million of $4.29 per diluted share in the first quarter, up from $427.8 million or $3.42 per share a year earlier.    Adjusted profits were $529 million or $4.25 per share, compared with $434.2 million or $3.42 per share in the first quarter of fiscal 2021.    Revenues for ...

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