Brief: Canfor Pulp Products Reports Qtrly Sales C$275.6 Mln Vs C$304.0 Mln

Canfor Pulp Products

23/04/2020 02:00

April 22 (Reuters) - Canfor Pulp Products Inc  CFX.TO :
    * CANFOR PULP PRODUCTS INC. ANNOUNCES FIRST QUARTER 2020
RESULTS
AND SUSPENDS QUARTERLY DIVIDEND
    * CANFOR PULP PRODUCTS - QTRLY SALES C$275.6 MILLION VERSUS
C$304.0 MILLION
    * PULP PRODUCTION WAS 298,000 TONNES FOR Q1 OF 2020, UP
12,000
TONNES, OR 4%, FROM PREVIOUS QUARTER
    * ANTICIPATES MARKET CONDITIONS TO REMAIN VOLATILE THROUGH
MUCH OF
2020
    * GLOBAL SOFTWOOD PULP DEMAND IS CURRENTLY PROJECTED TO BE
SOLID
THROUGH Q2 OF 2020, PARTICULARLY FROM CHINA
    * IT IS PROJECTED THAT SUPPLY DISRUPTIONS WILL CONTINUE IN
VARIOUS
REGIONS AS A RESULT OF PRONOUNCED EFFECTS OF COVID-19
    * BLEACHED KRAFT PAPER MARKETS ARE CURRENTLY ANTICIPATED TO
BE
SOLID THROUGH Q2 OF 2020, PARTICULARLY IN NORTH AMERICA
    * BOARD OF DIRECTORS HAS DECIDED TO SUSPEND QUARTERLY
DIVIDEND FOR
FORESEEABLE FUTURE
    * QTRLY NET INCOME PER SHARE, BASIC AND DILUTED, C$0.11

Source text for Eikon:  ID:nCNWvS1fBa 
Further company coverage:  CFX.TO 

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