Canfor Pulp Products (TSE:CFX) has released an update.
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Canfor Pulp Products Inc. reported a slight improvement in Q1 2024 with a $16 million operating loss and a $2 million net loss, thanks to a moderate increase in sales for its NBSK pulp and a 7% rise in pulp production. Despite a challenging economic fiber availability in British Columbia, the company saw a $10.3 million improvement in adjusted operating loss compared to the previous quarter. CEO Kevin Edgson highlighted the steady global market conditions and a boost in operational efficiency as keys to this quarter’s performance.
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