Canfor Corp. (TSE:CFP) has released an update.
Canfor Corporation faced a tough 2023, enduring a $532 million operating loss and a net shareholder loss of $326 million or $2.71 per share, with the fourth quarter contributing a $191 million operating loss and $117 million net loss. Despite robust earnings in European and US South operations, persistent challenges in British Columbia and global market pressures led to reduced production and the closure of the Prince George Pulp and Paper Mill. The company also advanced its growth projects in the US South, including the startup of a new sawmill in Louisiana.
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