July 25, 2013 - Vancouver, B.C. - Canfor Pulp Products Inc. ("CPPI") (TSX: CFX) today reported net income of $7.6 million, or $0.11 per share, for the second quarter of 2013, compared to net income of $10.9 million, or $0.15 per share, for the first quarter of 2013 and net income of $3.01 million, or $0.041 per share, for the second quarter of
2012. For the six months ended June 30, 2013, the Company's net income was $18.5 million, or $0.26 per share compared to $13.01 million, or $0.151 per share for the six months ended June 30, 2012.
The net income for the second quarter of 2013 included various items affecting comparability with prior periods, which had an overall net negative impact on the Company's results of $7.8 million, or $0.11 per share. After adjusting for such items, the Company's adjusted net income for the second quarter of 2013 was $15.4 million, or
$0.22 per share, up $3.0 million, or $0.05 per share, from an adjusted net income of $12.4 million, or $0.17 per share, for the first quarter of 2013. Adjusted net income for the second quarter of 2012 was $6.0 million, or $0.08 per share.
The Company reported operating income of $19.5 million for the second quarter of 2013, in line with operating income of $19.0 million reported for the first quarter of 2013, with improved Northern Bleached Softwood Kraft ("NBSK") pulp sales realizations offsetting higher unit manufacturing costs mostly related to scheduled outages during the quarter.

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