Canfor Pulp|Financial Updates

Canfor Pulp reports results for first quarter of 2022

May 3, 2022

Vancouver, BC - Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its first quarter of 2022 results:

Overview

  • Q1 2022 reported operating loss of $26 million; net loss of $20 million, or $0.31 per share
  • Notable uptick in global US-dollar pulp list prices in Q1; ongoing global supply chain challenges resulting in majority of price gains being realized in Q2 and Q3
  • Lower furnace rebuild of recovery boiler number one (“RB1”) completed mid-April; focused on optimizing production performance going forward
  • Together with Canfor Corporation, announced the implementation of a comprehensive plan to achieve net-zero carbon emissions by 2050
  • Available liquidity of $111 million at March 31, 2022

Read the Full Release

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