India, May 1 -- Forest products manufacturer Canfor Corp. (CFP.TO) Wednesday reported first-quarter loss of C$64.5 million or C$0.54 per share compared to last year's loss of C$142 million or C$1.17 per share.
On adjusted basis, loss amounted to C$52.1 million or C$0.44 per share, compared to C$144.9 million or C$1.20 per share in previous year.
Analysts, on average, polled by Thomson Reuters estimated a loss of C$0.66 per share for the same period.
Canfor's President and Chief Executive Officer, Don Kayne, explained the decline in a loss by saying that, "Although global lumber markets remained under pressure in the first quarter, especially Southern Yellow Pine, our global lumber footprint helped mitigate some of these market-related pr...