GreenFirst Forest Products Inc. (TSE:GFP) has released an update.
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GreenFirst Forest Products Inc. reports a narrowed net loss in Q1 2024 at $13.4 million, improving from a $21.6 million loss in the previous quarter, with a slight uptick in lumber prices to $626/mfbm amidst challenging market conditions. The company benefited from a reduced valuation provision for inventory, aiding earnings, but faced persistent downward pressure on paper products prices and operational disruptions. GreenFirst has also restructured its lumber and paper operations into decentralized units, aiming for greater efficiency.
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