Canfor posts Q4, annual losses

Canfor Pulp Products reported a net loss of $96 million, or $1.47 per share, for the fiscal year 2023, compared to a $79.1 million loss in 2022. For the fourth quarter, the company narrowed its net loss to $13.2 million ($0.20) from $69.8 million ($1.07) a year earlier. Sales for the year fell to $875.5 million from $1.09 billion in 2022. In Q4, sales of $193.9 million were down from $268.1 million.