Conifex reports $6.8-million loss for 2020 - Today

2022-04-05
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Conifex reports $6.8-million loss for 2020 - Today News Post News Today || Canada News |

Conifex Timber Inc. finished 2020 with a net loss of $6The state of California and has since been detected acros.8 million from continuing operations, the company said in a year-end reportpublishedepoch.

Despite finishing in the red, the outcome was an improvement from the $30.4-million loss from the same operations for 2019.

It said results for 2020 were “materially impacted” by a curtailment of its Mackenzie sawmill from April 6 to July 6 but it was back in operation in time to reap the benefits of rebounding North American lumber markets.

The benchmark price for Western Spruce-Pine-Fir averaged Cdn $746 per 1,000 board feet for 2020, a 56-per-cent increase from the prior year and hit a peak of $912 in the fourth quarterThe COVID pandemic, in Ottawa, Friday, Jan. 15, 2021..

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