Canfor Corp. says it lost $117.1 million in the fourth quarter of 2023, a smaller loss than $207.9 million a year earlier.
The Vancouver-based company says sales totalled $1.28 billion, down from $1.37 billion during the same quarter in 2022.
The company says it was a challenging year, as weak global lumber market conditions in late 2022 continued into 2023. Sales were lower in 2023 compared with 2022, and the company reported a loss for the year compared with profits in 2022.
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