Interfor loss widened last quarter

Lumber manufacturer Interfor Corporation, of Burnaby, B.C., has released its results for the last quarter of the 2023 calendar year.

In the quarter ended Dec. 31, 2023, the company recorded a net loss of $169.0 million, or $3.29 per share, compared to a net loss of $42.4 million, or $0.82 per share in the same quarter a year earlier. Sales in the quarter in 2023 were $785.9 million versus $828.1 million a year earlier. The company said in a release that the results are attributed to a weak lumber market, “continuing to be impacted by the elevated interest rate environment and ongoing economic uncertainty.”