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November 17, 2020

Interfor reports huge lumber sales

Canadian lumber giant Interfor has reported a huge rebound in sales after an earlier COVID-19 setback.  According to the latest quarterly financials released on Thursday, the company sold $644.9 million worth of wood products during July, August and September — compared to $396.8 million worth of product in the previous three months.    Interfor shares are now trading at $16.35 compared to $5.04 when the pandemic was declared in B.C. on March 18.  According to the company, “While lumber prices fell sharply in the initial stages of COVID ...

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