Brief: Canfor Pulp Products Reports Q3 Loss Per Share Of $0.50

Canfor Pulp Products

23/10/2019 23:17

Oct 23 (Reuters) - Canfor Pulp Products Inc  CFX.TO :
    * . ANNOUNCES THIRD QUARTER 2019 RESULTS AND QUARTERLY
DIVIDEND
    * Q3 LOSS PER SHARE $0.50
    * QTRLY SALES C$216.9 MILLION VERSUS C$328.5 MILLION
    * Q3 PULP PRODUCTION WAS 174,000 TONNES, DOWN 42%
    * Q3 PULP SHIPMENTS WERE 213,000 TONNES, DOWN 26%
    * GLOBAL SOFTWOOD KRAFT PULP MARKETS ARE PROJECTED TO SHOW
SIGNS
OF A MODEST RECOVERY IN Q4
    * ANTICIPATED THAT GLOBAL PULP PRICING WILL SLOWLY IMPROVE
THROUGH
BALANCE OF 2019 AND INTO 2020
    * BLEACHED KRAFT PAPER DEMAND IS ANTICIPATED TO REMAIN
RELATIVELY
WEAK THROUGH BALANCE OF YEAR
    * LOOK TO BE WELL PLACED TO RUN WITHOUT FURTHER DISRUPTION
THROUGH
BALANCE OF YEAR AND INTO 2020
    * ALL FIGURES ARE IN C$
    * Q3 EARNINGS PER SHARE VIEW C$-0.29 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nCNWJN3XDa 
Further company coverage:  CFX.TO 

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