Vancouver-based West Fraser Timber -- North America's largest softwood lumber producer -- posted a fourth-quarter loss of $10.6 million, or 25 cents a share from operations hurt by weak lumber and pulp prices in October-December. It earned $27.8 million, or 65 cents a share, a year earlier. Sales fell 9.6 per cent to $650 million. West Fraser, which has sawmills in Western Canada and the southeastern United States, said its lumber segment was affected by weaker prices for lower-grade SPF lumber and lower shipments. West Fraser shares closed at $46.35 on Thursday on the Toronto Stock Exchange. Source: vancouversun.com
Source:
http://www.vancouversun.com/business/Loss+posted+lower+lumber+pulp+prices/6168800/story.html
