For the twelve months ended December 31, 2015, the Company's shareholder net income was $24.7 million, compared to shareholder net income of $175.2 million, reported for the comparable period of 2014.
The Company reported operating income, after one-time items, of $35 million for the 4Q 2015, up $7.1 million from similarly-adjusted operating income of $27.9 million for the 3Q 2015.
Commenting on the Company's 4Q results, Canfor's President and CEO, Don Kayne, said, "Our lumber business continued to see solid progress at our Western Canadian and US South operations, and the integration of our most recent acquisition, Anthony Forest Products, has gone very well. In 2015 we invested over $500 million in our lumber, pulp and paper businesses, including $263 million in strategic acquisitions and $240 million in capital expenditures."
Kayne added, "Canfor Pulp had another quarter of strong operating results, which reflected relatively stable Canadian-dollar sales realizations, a strong production performance as well as a solid contribution from our recent energy-related investments."
Canfor is a leading integrated forest products company based in Vancouver, British Columbia ("BC") with interests in BC, Alberta, Ontario, North and South Carolina, Alabama, Georgia, Mississippi and Arkansas.
