Brief: Conifex Reports 2021 Year-End And Q4 2021 Results

Conifex Timber

08/03/2022 22:57

March 8 (Reuters) - Conifex Timber Inc  CFF.TO :
    * CONIFEX ANNOUNCES 2021 YEAR-END AND FOURTH QUARTER 2021
RESULTS
AND REVOLVING CREDIT FACILITY AMENDMENT
    * CONIFEX TIMBER INC - NET INCOME $0.60 PER SHARE FOR YEAR
VERSUS
NET LOSS OF $0.14 PER SHARE
    * CONIFEX TIMBER INC - EBITDA FROM CONTINUING OPERATIONS
$51.8
MILLION FOR YEAR VERSUS $9.7 MILLION
    * CONIFEX TIMBER INC - EXPECT LUMBER MARKETS TO REMAIN
STRONG IN
2022 AS SUPPLY CONSTRAINTS CONTINUE TO PERSIST
    * CONIFEX TIMBER INC - EXPECT U.S. HOUSING STARTS AND
CONTINUED
STRENGTH IN REPAIR AND REMODELING SECTOR TO MAINTAIN MARKET
DEMAND FOR LUMBER PRODUCTS
    * CONIFEX TIMBER INC - OPTIMISTIC WILL REALIZE A HIGHER
VOLUME OF
LUMBER SHIPMENTS IN 2022
    * CONIFEX TIMBER INC - LIQUIDITY AND FINANCIAL POSITION
FORECASTED
TO CONTINUE TO REMAIN STRONG THROUGHOUT 2022
    * CONIFEX TIMBER INC - ANTICIPATE IMPROVEMENT IN OPERATING
COSTS
IN 2022 FROM DECREASED UNIT FIXED COSTS

Source text for Eikon:  ID:nGNX3PfpkG 
Further company coverage:  CFF.TO 

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