National

West Fraser Timber sees Q3 profit improve to $70M; revenue tops $1B

The Canadian Press , 27 Oct, 2014 03:45 PM

VANCOUVER - West Fraser Timber Co. Ltd. (TSX:WFT) has reported third-quarter net earnings of $70 million or 83 cents a share, up substantially from $55 million or 64 cents in the same 2013 quarter.

The integrated company whose products include lumber, plywood, pulp and newsprint among others, said after markets closed Monday that revenues advanced to $1.03 billion from $878 million in the quarter.

Lumber operations generated operating earnings of $101 million, up from $81 in the second quarter, largely as a result of reduced costs and manufacturing productivity improvements related to capital investments, it said.

The panel segment generated operating earnings of $25 million, up from $10 million in the second quarter, as a result of substantially improved plywood prices.

Meanwhile, pulp and paper operations generated an operating loss of $2 million compared with operating earnings of $19 million in the previous quarter, largely the result of scheduled maintenance downtime at its Hinton pulp mill followed by a difficult startup.

Prev Next

MORE National ARTICLES

Attack by 'terrorist' on Parliament Hill won't weaken Canada's resolve: Harper

OTTAWA - The gunman who staged a deadly attack Wednesday on Parliament Hill was a terrorist whose despicable crime will only harden Canada's resolve to crack down on terrorists at home and abroad, Stephen Harper says.

Attack by 'terrorist' on Parliament Hill won't weaken Canada's resolve: Harper

House of Commons resumes in wake of attack

OTTAWA - The House of Commons is back in action, kicked off by an exhilarating show of support for the sergeant-at-arms of the House of Commons, who was among those who opened fire Wednesday on the gunman who stormed Parliament Hill.

House of Commons resumes in wake of attack

Elections BC rules in favour of Kinder Morgan

VANCOUVER - Elections BC has ruled energy giant Kinder Morgan does not need to register as a third party advertiser in the province's civic election campaign.

Elections BC rules in favour of Kinder Morgan

Canada Won't Be Cowed By Terrorist Attack: PM Stephen Harper

OTTAWA - The gunman who staged a deadly attack Wednesday on Parliament Hill was a terrorist whose despicable crime will only harden Canada's resolve to crack down on terrorists at home and abroad, Stephen Harper says.

Canada Won't Be Cowed By Terrorist Attack: PM Stephen Harper

Michael Zehaf-Bibeau Named As Ottawa Shooter Who Killed Corporal Nathan Cirillo

U.S. officials name the dead Ottawa shooting suspect as Michael Zehaf-Bibeau, a Canadian born in 1982. He shot reserve soldier Corporal Nathan Cirillo at the National War Memorial before running inside Parliament and exchanging gunfire with guards

Michael Zehaf-Bibeau Named As Ottawa Shooter Who Killed Corporal Nathan Cirillo

Winnipeg Police Charge Woman With Concealing Remains Of Six Dead Babies

WINNIPEG - Police have charged a woman who was renting a storage locker where the remains of six babies were found, but they say it could be months before they know who the infants were or how they died.