Canfor Reports Results for Third Quarter Of 2012

Oct 23, 2012

Canfor Corporation (TSX: CFP) today reported net income attributable to shareholders (“shareholder net income”) of $22.2 million, or $0.16 per share, for the third quarter of 2012, compared to $4.5 million, or $0.03 per share, for the second quarter of 2012 and a shareholder net loss of $21.6 million, or $0.15 per share, for the third quarter of 2011. For the nine months ended September 30, 2012, the shareholder net income was $10.5 million, or $0.08 per share, compared to net loss of $12.5 million, or $0.09 per share, for the comparable period of 2011.

The shareholder net income for the third quarter of 2012 included various items affecting comparability with prior periods, which had an overall impact of $6.9 million, or $0.05 per share.  After adjusting for such items, the Company’s adjusted shareholder net income for the third quarter of 2012 was $15.3 million, or $0.11 per share, up $4.2 million, or $0.03 per share, from an adjusted shareholder net income of $11.1 million, or $0.08 per share, for the second quarter of 2012. Adjusted shareholder net loss for the third quarter of 2011 was $1.8 million, or $0.01 per share.  

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