Pulp and Paper Canada

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Interfor results disappoint


July 27, 2008
By Pulp & Paper Canada

Interfor posted a second quarter loss of $29.4 million, a larger financial shortcoming than forecasts predicted.

Interfor posted a second quarter loss of $29.4 million, a larger financial shortcoming than forecasts predicted.

The loss translates to $0.62 per share, and includes restructuring costs of $33 million, which are associated with the recent purchases of the Grand Forks and Castlegar sawmills, as well as the closure of the company’s Queensboro facility.

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Subsequent to the announcement of its quarter results, Interfor confirmed its purchase of the Portac sawmill in Washing State. The acquisition cost US$28.25 million, plus working capital.


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