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May 4, 2022
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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