February 16, 2012 / 10:35 PM / 6 years ago

UPDATE 1-West Fraser Timber posts loss on lower prices

Feb 16 (Reuters) - West Fraser Timber Co Ltd posted a fourth-quarter loss from continuing operations hurt by weak lumber and pulp prices.

North America’s largest softwood lumber producer reported a loss of C$10.6 million, or 25 Canadian cents a share, from continuing operations in October-December.

It had earned C$27.8 million, or 65 Canadian cents a share, a year earlier.

Sales fell 9.6 percent to C$650 million.

West Fraser, which has sawmills in Western Canada and the southeastern United States, said its lumber segment was affected by weaker prices for lower-grade SPF lumber and lower shipments.

Shares of Vancouver, British Columbia-based West Fraser, which also makes fibreboard, plywood, pulp, kraft paper and newsprint, closed at C$46.35 on Thursday on the Toronto Stock Exchange.

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