Brief: Conifex Timber Inc - QTRLY Basic And Diluted Earnings Loss Per Share $0.35

Conifex Timber

15/11/2019 14:52

Conifex Timber Inc  CFF.TO :
    * CONIFEX ANNOUNCES THIRD QUARTER 2019 RESULTS
    * CONIFEX TIMBER INC - QTRLY BASIC AND DILUTED EARNINGS LOSS
PER
SHARE $0.35
    * CONIFEX TIMBER INC - RECORDED MODEST WHOLESALE LUMBER
REVENUES
AND SHIPMENTS IN Q3 OF 2019
    * CONIFEX TIMBER INC - EXPECT LUMBER PRICES TO GRADUALLY
INCREASE
THROUGH REMAINDER 2019 AND 2020
    * CONIFEX TIMBER INC - EXPECT LUMBER PRICES TO GRADUALLY
INCREASE
THROUGH REMAINDER OF THIS YEAR AND 2020
    * CONIFEX TIMBER INC - CONTINUE TO BELIEVE FACTORS THAT
SHAPE
MID-TERM DEMAND FOR LUMBER ARE SOLID
    * CONIFEX TIMBER INC - REVENUES TOTALED $65.2 MILLION IN Q3
OF
2019, DECLINE OF 59% FROM SAME QUARTER LAST YEAR
    * CONIFEX TIMBER INC - EXPECT A QUARTER-OVER-QUARTER
INCREASE IN
LUMBER PRODUCTION OF APPROXIMATELY 10% IN Q4 OF 2019
    * CONIFEX TIMBER INC - EXPECT LUMBER SEGMENT COSTS TO
IMPROVE
COMMENCING IN NOVEMBER 2019
    * CONIFEX TIMBER INC - ANTICIPATE SOLID IMPROVEMENT IN
LUMBER
SEGMENT EBITDA IN Q4 OF 2019
    * CONIFEX TIMBER INC - EXPECT A SEASONALLY STRONGER EBITDA
CONTRIBUTION FROM OUR BIOENERGY SEGMENT IN CLOSING QUARTER OF
2019
    * CONIFEX TIMBER INC - INTEND TO EFFECT AN ACCEPTABLE
DIVESTURE
AND RESTRUCTURING PLAN
    * CONIFEX TIMBER INC - CONTINUE TO BELIEVE FACTORS THAT
SHAPE
MID-TERM DEMAND FOR LUMBER ARE SOLID
    * CONIFEX TIMBER INC SEES BETTER BALANCED LUMBER MARKETS AND
HIGHER PRICES GOING FORWARD
    * CONIFEX TIMBER -EXPECTS CASH FLOW FROM OPERATIONS,
AVAILABLE
CASH & EXPECTED NET PROCEEDS WILL BE ADEQUATE TO MEET
OBLIGATIONS THROUGH NEXT 12 MONTHS

Source text for Eikon:  ID:nGNX7gDWn2 
Further company coverage:  CFF.TO