Western Forest Prod (TSE:WEF) has released an update.
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Western Forest Products Inc. has reported a significant reduction in net loss to $5.7 million in Q2 2024 from the previous year’s $20.7 million, showing improved financial performance. Despite a slight decrease in average lumber selling prices, the company has been proactive in its operations, completing a continuous dry kiln startup and planning further enhancements for 2025. Western remains focused on achieving a strong balance sheet, with a steady liquidity position and a net debt to capitalization ratio of 13%.
For further insights into TSE:WEF stock, check out TipRanks’ Stock Analysis page.
