February 28, 2023
Vancouver, BC - Canfor Pulp Products Inc. (“The Company” or “CPPI” or “Canfor Pulp”) (TSX: CFX) today reported its 2022 and fourth quarter of 2022 results:
Overview
- 2022 adjusted operating loss of $59 million; adjusted net loss of $43 million, or $0.66 per share
- Q4 2022 adjusted operating loss of $42 million; adjusted net loss of $34 million, or $0.52 per share
- Q4 pulp production faced with fibre shortages and challenging winter weather conditions
- After year end, announced permanent closure of pulp line at Prince George Pulp and Paper Mill to right-size operating footprint tied to long-term supply of economic residual fibre