Canfor Pulp reports positive Q3 results

By Canfor Pulp Products Inc.
Cision Newswire
October 27, 2022
Category: Finance & Economics
Region: Canada, United States

VANCOUVER, BC –Canfor Pulp reported operating income of $19.2 million for the third quarter of 2022, up $27.3 million from an operating loss of $8.1 million reported for the second quarter of 2022, in large part reflecting materially higher Northern Bleached Softwood Kraft pulp unit sales realizations, and to a lesser extent, a 2 cent, or 2%, weaker Canadian dollar. Canfor Pulp’s President and CEO, Kevin Edgson, said, “This was a solid quarter for Canfor Pulp, as we focused on enhancing our operational performance and improving reliability while navigating persistent supply chain and fibre-related challenges, in order to realize high NBSK pulp list prices. While we will continue to actively monitor current external challenges, including the fibre situation in BC, our immediate focus remains on optimizing productivity while preserving our solid balance sheet.”

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