Canfor Corp, out of Vancouver, BC, Wednesday posted a higher 4Q 2013 profit, boosted by strong lumber prices and an increase in pulp production and shipments.
The company said it expects lumber consumption to continue to rise in 2014 due to US demand and offshore markets.
Netincome attributable to shareholders rose 31 per cent to $28 million, compared with $21.3 million in 4Q 2012.
Lumber sales rose 14 per cent to $533.7 million in 4Q on higher prices, lower export taxes, and a favorable impact from the weakening Canadian dollar.