April 25, 2012 - Vancouver, B.C. - Canfor Corporation (TSX: CFP) today reported a net loss attributable to shareholders (“shareholder net loss”) of $16.2 million, or $0.11 per share, for the first quarter of 2012, compared to a shareholder net loss of $44.1 million, or $0.31 per share, for the fourth quarter of 2011 and shareholder net income of $7.0 million, or $0.05 per share, for the first quarter of 2011.
The shareholder net loss for the first quarter of 2012 included various items affecting comparability with prior periods, which had an overall net positive impact of $6.1 million, or $0.05 per share. After adjusting for such items, the Company’s adjusted shareholder net loss for the first quarter of 2012 was $22.3 million, or $0.16 per share, compared to an adjusted shareholder net loss of $32.1 million, or $0.22 per share, for the fourth quarter of 2011, and effectively breakeven on an adjusted basis for the first quarter of 2011.
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