Canfor Corporation (TSX: CFP) today reported second quarter 2018 results:
Highlights
- Record adjusted operating income of $334 million driven by historically high lumber prices and record-high pulp and paper earnings; record-high quarterly sales of $1.46 billion
- Adjusted net income of $214 million, or $1.66 per share
- Net cash of $174 million, or 7.9% net cash to total capitalization, at June 30, 2018
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