February 22, 2008 / 10:41 PM / 10 years ago

Canfor posts loss for the fourth quarter

VANCOUVER, British Columbia (Reuters) - Lumber producer Canfor Corp (CFP.TO) posted a fourth-quarter loss on Friday, pounded by the weak U.S. housing construction market and an asset impairment charge.

    The company said it lost C$237 million, or C$1.66 a share, in the last three months of 2007 on sales of C$711 million. Its operating loss in the period was C$124.7 million.

    That compared with a profit of C$471.8 million, or C$3.31 a share, a year earlier, when its results were boosted by a one-time gain of duties repaid under the settlement of the U.S.-Canada softwood lumber trade fight.

    ($1=$1.01 Canadian)

    Reporting Allan Dowd, Editing by Peter Galloway

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