Canfor Pulp Products Inc. (“The Company” or “CPPI” or “Canfor Pulp”) (TSX: CFX) today reported its 2021 and fourth quarter of 2021 results:
Overview
- 2021 operating income before adjusting items of $32 million; adjusted net income of $25 million, or $0.38 per share
- Fourth quarter of 2021 adjusted operating loss of $41 million; adjusted net loss of $32 million, or $0.49 per share
- 2021 includes an impairment charge of $95 million or $1.06 per share, resulting in a reported operating loss of $66 million for the year, net loss of $44 million or $0.68 per share; fourth quarter of 2021 reported operating loss of $137 million, net loss of $101 million or $1.55 per share
- Available liquidity of $170 million at December 31, 2021
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