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

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