Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its fourth quarter of 2024 results:
Overview.
- Q4 2024 operating income of $4 million; net income of $3 million, or $0.04 per share.
- Market fundamentals remained relatively flat throughout most of the quarter, with some positive momentum late in the period as producers worked to reduce their higher-than-average inventory levels.
- 22% decrease in pulp production during Q4 2024 (versus Q3 2024) primarily due to the indefinite curtailment of one production line at its Northwood NBSK pulp mill in August 2024.
- Persistent challenges associated with the availability of economic fibre in British Columbia.
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