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BRIEF-Canfor Reports Results For 2018 And Fourth Quarter Of 2018

Published 2019-02-21, 05:48 p/m
© Reuters.  BRIEF-Canfor Reports Results For 2018 And Fourth Quarter Of 2018
CFP
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Feb 21 (Reuters) - Canfor Corp CFP.TO :

* CANFOR REPORTS RESULTS FOR 2018 AND FOURTH QUARTER OF 2018

* Q4 SALES C$1.03 BILLION

* QTRLY NET LOSS PER SHARE $0.42

* QTRLY ADJUSTED NET LOSS PER SHARE C$0.23

* "U.S. HOUSING MARKET IS CURRENTLY FORECAST TO SHOW A MODEST RECOVERY THROUGH 2019"

* "NORTH AMERICAN LUMBER PRICES ARE ANTICIPATED TO IMPROVE THROUGH Q1 OF 2019"

* "FOR COMPANY'S KEY OFFSHORE LUMBER MARKETS, DEMAND IS ANTICIPATED TO REMAIN SOLID THROUGH Q1 OF 2019"

* "NOTWITHSTANDING HIGH INVENTORY LEVELS, GLOBAL SOFTWOOD KRAFT PULP MARKETS ARE PROJECTED TO BE STEADY THROUGH FIRST HALF OF 2019"

* CANFOR - "RESULTS THROUGH 2019 ARE ANTICIPATED TO BE IMPACTED BY CONTINUED LOG COST PRESSURE IN WESTERN CANADA"

* "BLEACHED KRAFT PAPER DEMAND IS EXPECTED TO REMAIN SOLID THROUGH Q1 OF 2019"

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