Canfor Pulp Products (TSE:CFX) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Canfor Pulp Products Inc. reported a third-quarter operating loss of $209 million in 2024, primarily due to a $211 million asset write-down and impairment charge related to reduced economic fibre availability in British Columbia. Despite this, the company achieved a modest improvement in sales of NBSK pulp, driven by steady North American pricing. The completion of winding down one production line at their Northwood NBSK pulp mill also marked a significant operational change.
For further insights into TSE:CFX stock, check out TipRanks’ Stock Analysis page.
