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BRIEF-Canfor Pulp Products Inc Says Qtrly Loss Per Share C$0.30

Published 2020-02-20, 06:14 p/m
BRIEF-Canfor Pulp Products Inc Says Qtrly Loss Per Share C$0.30
CFX
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Feb 20 (Reuters) - Canfor Pulp Products Inc CFX.TO :

* ANNOUNCES 2019 AND FOURTH QUARTER 2019 RESULTS AND QUARTERLY DIVIDEND

* QTRLY SALES C$247.5 MILLION VERSUS C$289.7 MILLION

* QTRLY LOSS PER SHARE C$0.30

* Q4 EARNINGS PER SHARE VIEW C$-0.23, REVENUE VIEW C$254.5 MILLION -- REFINITIV IBES DATA

* QTRLY SALES $247.5 MILLION VERSUS $289.7 MILLION

* PULP PRODUCTION WAS 286,000 TONNES FOR Q4 OF 2019, UP 112,000 TONNES, OR 64%, FROM PREVIOUS QUARTER

* POTENTIAL IMPACT OF EMERGING CORONAVIRUS ON GLOBAL PULP DEMAND, PARTICULARLY FROM CHINA, IS UNCERTAIN

* CANFOR PULP PRODUCTS - BLEACHED KRAFT PAPER DEMAND IS CURRENTLY ANTICIPATED TO STABILIZE IN H1 2020

* COMPANY IS NOT CURRENTLY ANTICIPATING ANY MATERIAL FIBRE-RELATED CURTAILMENTS IN 2020

* COMPANY HAS NO MAINTENANCE OUTAGES PLANNED FOR Q1 OF 2020

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