Canfor has released its first quarter of 2008 results.
Canfor has released its first quarter of 2008 results.
The Canfor Pulp Income Fund reported sales of $211.4 million, and a net income of $43.5 million. This translates to $0.61 per share for the quarter that ended March 31, 2008.
The impact of stronger pricing for pulp and paper, combined with a relatively stable Canadian dollar helped to position the company favourably, compared to the fourth quarter of 2007, when a net income of $12.1 million on sales of $215.1 million were recorded.
Canfor has been subject to higher manufacturing costs, however, in the order of an increase of 4% per unit. Lower production and sales volumes were the results of a fire at the company’s Prince George Pulp and Paper mill.
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