March 5, 2024
Vancouver, BC - Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its 2023 and fourth quarter of 2023 results:
Overview
- 2023 operating loss of $128 million; net loss of $96 million, or $1.47 per share
- 2023 operating loss of $128 million; net loss of $96 million, or $1.47 per share
- Moderate uplift in global pulp market fundamentals through the fourth quarter driven by a slight increase in demand and purchasing activity in most major regions
- 20% increase in pulp production in the fourth quarter reflecting improved operating performance at both the Northwood and Intercontinental NBSK pulp mills
- Persistent challenges associated with the availability of economic fibre in British Columbia