For the year ended December 31, 2015, the Company's net income was $106.6 million compared to $89.5 million for 2014.
The Company reported operating income of $38.6 million for the 4Q 2015, a decrease of $3.7 million from $42.3 million reported for the 3Q 2015.
Commenting on the fourth quarter's results, CPPI's CEO, Don Kayne, said: "Canfor Pulp had another quarter of solid operating results, reflecting not only relatively stable Canadian-dollar sales realizations, but strong operating performance and the continued growth of the green energy business."
Pulp shipments were up 16% from the previous quarter reflecting solid demand for the Company's NBSK premium reinforcing pulp products.
Pulp production was up approximately 4%, as improved operating rates and additional operating days more than offset the impact of the Northwood pulp mill scheduled maintenance outage, which reduced market pulp production by 20,000 tonnes in the current quarter (compared to 6,000 tonnes in the 3Q).
CPPI is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia ("BC").
