Canfor reports 14% drop in lumber shipments in Q4 /2018
Canfor Corporation generated strong financial results in 2018 with reported operating income of $608.6 million, the highest operating earnings in over 10 years, and up $51.2 million, or 9 per cent, from 2017. Reported annual results include record-high pulp and paper segment earnings and solid lumber segment operating income. The latter was achieved despite major challenges presented by significant log supply constraints and log cost increases in British Columbia, severe transportation issues in the first half of the year, extreme weather across North America and one of the worst forest fire seasons in B.C ...
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