Canfor Pulp|Financial Updates

Canfor Pulp reports results for first quarter of 2023

May 3, 2023

Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its first quarter of 2023 results:

Overview

  • Q1 2023 reported an operating loss of $25 million; a 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

Read the Full Release

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