Feb 11 (Reuters) - Western Forest Products Inc WEF.TO :
* WESTERN ANNOUNCES FOURTH QUARTER 2019 RESULTS
* Q4 REVENUE C$80.1 MILLION VERSUS C$284.8 MILLION
* Q4 LOSS PER SHARE C$0.09
* Q4 EARNINGS PER SHARE ESTIMATE C$-0.07 -- REFINITIV IBES DATA
* WESTERN FOREST PRODUCTS- Q4 RESULTS SIGNIFICANTLY IMPACTED BY STRIKE, AS ALL OF TIMBERLANDS, MOST BC BASED MANUFACTURING OPERATIONS WERE CURTAILED
* STRIKE IS EXPECTED TO HAVE NEGATIVE IMPACT ON Q1 RESULTS IN 2020 COMPARED TO SAME PERIOD LAST YEAR
* COMPANY HAS REDUCED STRATEGIC CAPITAL INVESTMENT IN BC
* IN SHORT TERM, CORONAVIRUS COULD RESULT IN TEMPORARY SLOW DOWN OF LOG AND LUMBER IMPORTS TO CHINA
* EXPECT LOG MARKET IN CHINA TO REMAIN COMPETITIVE OVER NEAR TERM
* EXPECT MODEST IMPROVEMENTS IN PULP LOG AND CHIP PRICING IN 2020 DUE TO LIMITED SUPPLY
* LUMBER REVENUE IN Q4 WAS $66.1 MILLION, A DECREASE OF 71.4% FROM SAME PERIOD LAST YEAR
* WESTERN FOREST PRODUCTS- DURING Q4 2019, INCURRED $2.1 MILLION IN SEVERANCE AND RELATED EXPENSES DUE TO REDUCTION OF ABOUT 10% IN SALARIED EMPLOYEES