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Canfor Near Records With Strong First Half 1989 Earnings
Canfor reports near record first half 1989 earnings as buoyant softwood kraft pulp markets offset Canadian dollar weakness and lumber headwinds. Net income for six months ended June 30 reached 55.9 million dollars, with second quarter at 25.7 million dollars. Sales totaled 424.4 million for six months and 222.2 million for the quarter, down from 1988. The report notes foreign exchange losses, high stumpage costs in British Columbia, and ongoing production challenges, but prospects for 1989 remain generally positive.
MENTIONED IN THIS ARTICLE
Canfor
Howe Sound Pulp and Paper Limited
Canfor-Weldwood Distribution Ltd
Canfor Corporation
Balfour Forest Products Inc
United States
British Columbia
Sach Kraft Paper
Softwood Kraft
Canfor Capital Limited