West Fraser reports improved Q3 results

30 October 2014

West Fraser Timber Co Ltd has reported Q3 net earnings of C$70m, up substantially from C$55m in Q3, 2013.

Lumber operations generated operating earnings of C$101m, up from C$81m in Q2, largely as a result of reduced costs and manufacturing productivity improvements related to capital investments, said the company.

The panel segment generated operating earnings of C$25m, up from C$10m in Q2, as a result of substantially improved plywood prices.