The
It says the unprecedented pricing substantially outweighed higher market-related log costs in
Canfor says its profit amounted to
Sales totalled
On an adjusted basis, Canfor says it earned
"Following the significant volatility experienced last year as a result of the pandemic, we are very pleased to see the sustained strength in global lumber markets continuing into 2021, as well as a welcome improvement in pulp market conditions," Canfor chief executive
"Our solid operating performance across all our regions enabled us to capitalize on these favourable market fundamentals and set record-high operating earnings. With the pricing outlook in the second quarter looking very positive across all of our businesses, we will be looking to take full advantage of these favourable market conditions."
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Companies in this story: (TSX:CFP)
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