says it had a net loss of $350.1-million in its last quarter as it took writedowns and impairment charges related to mill closures in a slumping lumber market.
Canfor says its B.C. operations continue to struggle with limited access to economic fibre, weak lumber prices, rising operating costs, increased tariffs and various regulatory complexities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canfor reports net loss of $350 million as lumber market headwinds continueVANCOUVER — Canfor Corp. says it had a net loss of $350.1 million in its last quarter as it took writedowns and impairment charges related to mill closures in a slumping lumber market. The forestry company says the net loss worked out to $2.
Source: SooToday - 🏆 8. / 85 Read more »
Canfor reports net loss of $350 million as lumber market headwinds continueVANCOUVER — Canfor Corp. says it had a net loss of $350.1 million in its last quarter as it took writedowns and impairment charges related to mill closures in a slumping lumber market. The forestry company says the net loss worked out to $2.
Source: SooToday - 🏆 8. / 85 Read more »