Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its first quarter of 2024 results:
OVERVIEW:
- Q1 2024 operating loss of $16 million; net loss of $2 million, or $0.04 per share
- Modest uptick in NBSK pulp unit sales realizations, despite relatively subdued global pulp demand and flat producer inventory levels
- 7% increase in pulp production quarter-over-quarter reflecting solid operational performance and reduced unplanned downtime
- Persistent challenges associated with the availability of economic fibre in British Columbia in the near-term and through the balance of 2024
Click to download the full release »