CanWel’s sales up on deepening loss

VANCOUVER — First-quarter revenues for CanWel Building Materials Group Ltd. increased 6.6% to $159 million, as the company focused on its target customer base, along with improved market conditions and overall increased activity level. Gross margin increased 4.0% to $16.3 million. However, the company continues to lose money: its net loss for the quarter deepened to $1.17 million from $1.15 million a year earlier.