Conifex Timber reports Q3, 2024 net loss of $3.8 million

By Conifex Timber Inc.
Globe Newswire
November 12, 2024
Category: Finance & Economics
Region: Canada, Canada West

VANCOUVER, BC — Conifex Timber reported results for the third quarter ended September 30, 2024. EBITDA was negative $3.9 million for the quarter compared to EBITDA of negative $7.1 million in the second quarter of 2024 and negative $6.7 million in the third quarter of 2023. Net loss was $3.8 million for the quarter versus net loss of $9.7 million in the previous quarter and negative $8.0 million for the year-earlier quarter. …Shipments of Conifex-produced lumber totaled 29.3 million board feet in the third quarter of 2024, representing a decrease of 24% from the 38.5 million board feet shipped in the previous quarter. …Looking ahead to the final quarter of 2024, our average mill net selling price through the first six weeks of the quarter was 17.5% higher.

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