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West Fraser turns profit

West Fraser Timber reported first quarter earnings of $6 million, or $0.14 per share on sales of $902 million, comp…

West Fraser Timber reported first quarter earnings of $6 million, or $0.14 per share on sales of $902 million, compared to earnings of $9 million or $02.20 per share in the fourth quarter of 2005, and $43 million or $0.99 per share on sales of $902 million in the first quarter of last year.

“We are off to a solid start in 2006,” said chairman, president and CEO Hank Ketcham, of the results. “We maintainted profitability while initiating the restructuring of our Hinton-based kraft pulp business and dealing with continued market pressures, including the strong Canadian dollar and softwood lumber dispute.”