Â鶹Éç¹ú²ú

Skip to content

Western Forest Products narrows loss in second quarter to $5.7 million

VANCOUVER — Western Forest Products Inc. says it lost $5.7 million during the second quarter, compared with a loss of $20.7 million a year earlier. The Vancouver-based company says revenues were $309.
8d18231f651458e0b3d1eb0e0b626af56c2bb018fa49b8b8d5b33e179bd9444e
The Western Forest Products Inc.logo is shown in this undated handout. THE CANADIAN PRESS/HO

VANCOUVER — Western Forest Products Inc. says it lost $5.7 million during the second quarter, compared with a loss of $20.7 million a year earlier.

The Vancouver-based company says revenues were $309.5 million, rising from $276 million during the same quarter last year.

Diluted loss per share was one cent, compared with a loss of seven cents a year earlier.

The results were also improved from the first quarter, when the company posted a net loss of $8 million.

The company says its lumber shipments rose year-over-year, and while the average lumber selling price was softer, the average B.C. log sales price rose.

Western Forest says it's accelerating its transition to higher-value products as it completed the start-up phase of a continuous dry kiln at its Saltair sawmill.

This report by The Canadian Press was first published July 31, 2024.

Companies in this story: (TSX:WEF)

The Canadian Press

push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks