May 2, 2008 / 11:13 AM / 10 years ago

Canfor's first-quarter loss grows as logs devalued

TORONTO (Reuters) - North American lumber producer Canfor Corp (CFP.TO) posted a wider first-quarter loss on Friday, citing a big log inventory devaluation and a foreign exchange loss.

Canfor said it lost C$85.4 million, or 60 Canadian cents per share, in the quarter ended March 31, compared with a loss of C$42.7 million, or 30 Canadian cents per share, that it recorded in the first quarter of 2007.

($1=$1.02 Canadian)

Reporting by Jonathan Spicer; Editing by Scott Anderson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below