Pulp and Paper Canada

News Financial Reports & Markets Paper
GreenFirst releases financial statements for second quarter of 2021


September 7, 2021
By P&PC Staff

Topics

On Aug. 30, GreenFirst Forest Products Inc. filed its unaudited interim financial statements for the second quarter of 2021 and the first six months ended June 30, 2021. The company’s financial statements, related management discussion and analysis are available under GreenFirst’s profile on SEDAR. All amounts are posted in Canadian dollars unless indicated otherwise.

GreenFirst reported a net loss attributable to common shareholders of $2.5 million, or $0.10 loss per share and a total comprehensive loss of $2.5 million in the quarter ended June 30, 2021.  This is compared to a net loss attributable to common shareholders of $0.1 million, or $0.004 loss per share and a total comprehensive loss of $0.6 million (as a result of a $0.5 million currency translation loss) in the second quarter of 2020. Higher professional fees contributed to the increased net loss for this quarter, states the company.

As of June 30, 2021, the Company reported a consolidated cash balance of $5.1 million and net working capital of $0.7 million.

Advertisement