BRIEF-Conifex Timber q1 earnings per share $1.24

Thu May 5, 2016 8:45am EDT
 
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May 5 (Reuters) - Conifex Timber Inc

* Conifex announces first quarter 2016 results

* Q1 earnings per share $1.24

* Revenues totalling $99.5 million in q1 of 2016, up17% over same quarter last year

* Revenue from conifex produced lumber was $57.0 million in q1 of 2016, a decline of 3% from previous quarter

* Currently expect u.s. Market to continue its gradual recovery in both housing and repair and remodelling sectors in 2016

* In 2016, expect sales volume to china to remain similar to q1 2016 levels and anticipate slight improvement in pricing in q2 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)