Conifex Announces Strong Third Quarter Results

By Conifex Timber Inc.
November 9, 2017
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER, BRITISH COLUMBIA– Conifex Timber Inc. (“Conifex”, “we” or “us”) (TSX:CFF) today reported results for the third quarter ended September 30, 2017. Adjusted EBITDA*, including countervailing (“CVD”) and anti-dumping duty (“ADD”) deposits of $3.4 million, was $12.1 million, compared to $10.2 million in the second quarter of 2017 and $8.5 million in the third quarter of 2016. …Our revenues totaled $120.3 million in the third quarter of 2017, an improvement of 3% over the prior quarter and 16% over the same quarter last year. Our revenue growth over the previous quarter was mainly attributable to a slight increase in our lumber segment revenues, and a 30% increase in revenues from electricity sales. Compared to the third quarter of 2016, our lumber segment revenues increased by 15% and our bioenergy segment revenues by 24%.

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