Canfor Reports Results for Third Quarter of 2013

Oct 30, 2013
Canfor Corporation (TSX:CFP) today reported net income attributable to shareholders ("shareholder net income") of $28.4 million, or $0.20 per share, for the third quarter of 2013, compared to $110.3 million, or $0.77 per share, for the second quarter of 2013 and $20.5 million, or $0.14 per share, for the third quarter of 2012. For the nine months ended September 30, 2013, the Company's shareholder net income was $200.6 million, or $1.41 per share, compared to $5.1 million, or $0.03 per share, reported for the comparable period of 2012.


The shareholder net income for the third quarter of 2013 included various items affecting comparability with prior periods, which had an overall net positive impact on the Company's results of $2.2 million, or $0.02 per share. After adjusting for such items, the Company's adjusted shareholder net income for the third quarter of 2013 was $26.2 million, or $0.18 per share, down $61.5 million, or $0.43 per share, from an adjusted shareholder net income of $87.7 million, or $0.61 per share, for the second quarter of 2013. Adjusted shareholder net income for the third quarter of 2012 was $13.6 million, or $0.09 per share. 


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