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August 22, 2019

Conifex forecasts further reduction in lumber shipments

Conifex Timber Inc. reported results for the second quarter ended June 30, 2019.  The company incurred net loss of $9.1 million or $0.19 per share in Q2, 2019. This compares with net income of $9.2 million or $0.35 per share in the second quarter of 2018. The revenues totaled $95.7 million, significantly lower by 31%, in comparison with the corresponding quarter last year. Conifex recorded operating loss of $19.1 million in the lumber segment. The segment operating results are inclusive of CV and AD duties expense of $2.5 million in Q2 ...

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