Feb 13, 2008. /Lesprom.com/. Acadian Timber Income Fund reported financial and operating results for the three and twelve-month periods ended December 31, 2007. "We are pleased overall with our performance in the fourth quarter and fiscal 2007," said Reid Carter, CEO of Acadian. "Distributable cash from operations in 2007 rose 16% to $15.5 million, resulting in a payout ratio of 88% for the year. This was achieved despite a very weak U.S. housing market and the strongest Canadian dollar in decades." For the 12 months ended December 31, 2007, Acadian generated net sales of $74.8 million on consolidated log sales volumes of 1,387 thousand cubic metre as compared with net sales of $69.5 million on consolidated log volumes of 1,328 thousand cubic metre during fiscal 2006. EBITDA for fiscal 2007 was $20.3 million or 27% of sales as compared with $18.3 million or 26% of sales for the eleven months ended December 31, 2006. "We expect 2008 to be another challenging year," added Mr. Carter. "In response to market conditions, we have adjusted our harvest profile and product mix while prudently managing expenses, thereby lessening the impact of these external forces. Within our market segments, softwood remains well below trend. However, demand and pricing for hardwood pulpwood, hardwood sawlogs and biomass remain positive. Fortunately, we have strong customer relationships, operational flexibility, and an operating team who have successfully identified and captured opportunities in difficult markets."