Forestry giant Canfor reports net loss of $350 million

2 hours ago 1

By Staff The Canadian Press

Posted October 26, 2024 2:03 pm

1 min read

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

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Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

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It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

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By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

For quality    impacting Canada and astir   the world, motion   up   for breaking quality    alerts delivered straight  to you erstwhile   they happen.

Get breaking National news

For quality impacting Canada and astir the world, motion up for breaking quality alerts delivered straight to you erstwhile they happen.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

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It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

Get the day's apical  news, political, economic, and existent   affairs headlines, delivered to your inbox erstwhile  a day.

Get regular National news

Get the day's apical news, political, economic, and existent affairs headlines, delivered to your inbox erstwhile a day.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

Get the day's apical  news, political, economic, and existent   affairs headlines, delivered to your inbox erstwhile  a day.

Get regular National news

Get the day's apical news, political, economic, and existent affairs headlines, delivered to your inbox erstwhile a day.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

For quality    impacting Canada and astir   the world, motion   up   for breaking quality    alerts delivered straight  to you erstwhile   they happen.

Get breaking National news

For quality impacting Canada and astir the world, motion up for breaking quality alerts delivered straight to you erstwhile they happen.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

For quality    impacting Canada and astir   the world, motion   up   for breaking quality    alerts delivered straight  to you erstwhile   they happen.

Get breaking National news

For quality impacting Canada and astir the world, motion up for breaking quality alerts delivered straight to you erstwhile they happen.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

For quality    impacting Canada and astir   the world, motion   up   for breaking quality    alerts delivered straight  to you erstwhile   they happen.

Get breaking National news

For quality impacting Canada and astir the world, motion up for breaking quality alerts delivered straight to you erstwhile they happen.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

Get the day's apical  news, political, economic, and existent   affairs headlines, delivered to your inbox erstwhile  a day.

Get regular National news

Get the day's apical news, political, economic, and existent affairs headlines, delivered to your inbox erstwhile a day.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

By Staff The Canadian Press

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took write-downs and impairment charges successful a slumping lumber market. Global News

Canfor Corp. says it had a nett nonaccomplishment of $350.1 cardinal successful its past 4th arsenic it took writedowns and impairment charges related to mill closures successful a slumping lumber market.

The forestry institution says the nett nonaccomplishment worked retired to $2.96 per share, compared with a nett nonaccomplishment of $23.1 cardinal oregon 19 cents per stock past year.

Canfor says its B.C. operations proceed to conflict with constricted entree to economical fibre, anemic lumber prices, rising operating costs, accrued tariffs and assorted regulatory complexities.

 'Hundreds of jobs mislaid  arsenic  Canfor announces closure of 2 B.C. sawmills.'

2:08 Hundreds of jobs mislaid arsenic Canfor announces closure of 2 B.C. sawmills.

Trending Now

Company main enforcement Don Kayne says it was different highly challenging 4th that pushed it to denote a pullback successful operations.

Story continues beneath advertisement

During the quarter, Canfor announced the closure of mills successful Fort. St. John and Plateau successful bluish B.C., starring to an plus write-down and impairment complaint of $100 million, positive $38.6 cardinal successful restructuring costs.

Get the day's apical  news, political, economic, and existent   affairs headlines, delivered to your inbox erstwhile  a day.

Get regular National news

Get the day's apical news, political, economic, and existent affairs headlines, delivered to your inbox erstwhile a day.

It says that erstwhile adjusted, results worked retired to a nonaccomplishment of $139 million, akin to the $135-million adjusted nonaccomplishment it had successful the 2nd quarter, portion 3rd 4th past twelvemonth it had an adjusted nonaccomplishment of $19.4 million.

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