Acadian Timber earnings slip in Q3

VANCOUVER ― Acadian Timber Corp. reported Q3 net sales of $19.3 million compared with $22.6 million the same time last year. A 1% decrease in sales volumes was accompanied by a 14% decrease in the weighted average realized selling price, due primarily to a higher proportion of biomass sales. Excluding biomass, log sales volumes were down 12% from the prior year. This decrease reflected higher than typical regional spruce fir log inventories and more favourable prior year harvest conditions for pine and cedar stands. Sales volumes also reflected the planned reduction in hardwood harvest volumes under Acadian’s forest management plan.