Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its first quarter of 2023 results:
Overview
- Q1 2023 reported operating loss of $25 million; net loss of $19 million, or $0.29 per share
- Global pulp market fundamentals softened late in the quarter amid uncertainty associated with rising pulp producer inventory levels
- Improved pulp production despite ongoing fibre challenges and wind down of pulp line at Prince George Pulp and Paper mill
- Subsequent to quarter-end, expanded and extended its operating loan facility and term debt
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