Canfor improves earnings in Q2
For the 2Q 2020, Canfor Corporation reported operating income of $96.9 million, $185.7 million higher than the operating loss of $88.8 million reported for the 1Q 2020, reflecting materially higher earnings in the lumber segment, offset in part by a moderate decline in pulp and paper segment earnings. The Vancouver-based forest products firm says it earned $60.7 million or 48 cents per share in the three months ended June 30, compared with a loss of $48.8 million or 38 cents per share a year earlier. Commenting on the company’s ...
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