Weyerhaeuser has reported second-quarter net profits of US$14m on net sales of US$1.8bn. The result compared with a net loss of US$106m on net sales of US$1.4bn a year ago.
“In the second quarter we returned to profitability and all businesses were cash positive from operations,said president and ceo Dan Fulton.
“I’m encouraged by our ability to profitably manage operations in an uncertain climate and with the lack of a sustained housing recovery.”
The wood products division reported a US$3m loss, an improvement from the US$162m loss of a year ago.
