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BRIEF-Acadian Timber Corp. Reports Year-End Results

Published 2020-02-12, 05:29 p/m
BRIEF-Acadian Timber Corp. Reports Year-End Results
ADN
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Feb 12 (Reuters) - Acadian Timber Corp ADN.TO :

* . REPORTS YEAR-END RESULTS

* QTRLY SALES $25.8 MILLION VERSUS $24.2 MILLION

* Q4 REVENUE VIEW C$21.0 MILLION -- REFINITIV IBES DATA

* QTRLY NET INCOME PER SHARE - BASIC AND DILUTED $0.97

* Q4 EARNINGS PER SHARE VIEW C$0.24 -- REFINITIV IBES DATA

* ACADIAN TIMBER - "OUTLOOK FOR ACADIAN'S KEY PRODUCTS, SOFTWOOD SAWLOGS AND HARDWOOD PULPWOOD, IS FOR DEMAND AND PRICING TO REMAIN STABLE IN NEAR TERM"

* ADAM SHEPARSKI HAS BEEN APPOINTED CFO OF ACADIAN EFFECTIVE FEBRUARY 13, 2020

* ACADIAN TIMBER - BRIAN BANFILL, WHO WAS APPOINTED INTERIM CFO IN SEPT 2019, WILL REMAIN WITH CO FOR INTERIM PERIOD TO ENSURE SMOOTH TRANSITION

* "DEMAND AND PRICING FOR OUR HARDWOOD PULPWOOD IS EXPECTED TO REMAIN STABLE"

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