Aug 05, 2011. /Lesprom Network/. Ainsworth Lumber Co. Ltd. reported its financial results for the 2Q 2011. Adjusted EBITDA for the 2Q 2011 was $2.7 million compared to $35.1 million in the same quarter of 2010, as the company said in a press release received by Lesprom Network. In the 2Q 2011, Ainsworth recorded a net loss from continuing operations of $12.9 million compared to a loss of $17.3 million in the 2Q 2010. This decrease is primarily due to a $27.2 million increase in the unrealized foreign exchange gain on long-term debt, a $3 million decrease in amortization expense, a $1.1 million decrease in finance expense and a $10.9 million increase in income tax recovery, partially offset by a $33.1 million decrease in gross profit. In the 2Q 2011, Ainsworth recorded sales of $80.5 million, a decrease of $25.9 million compared to sales of $106.4 million in the 2Q 2010. The decrease in sales for the year was the result of a 32.1% decrease in realized sale prices offset by a 11.4% increase in sales volume. Ainsworth President and CEO Rick Huff said, "Despite persistently challenging market conditions, Ainsworth achieved improvements in operational efficiency at our three OSB mills and a marked increase in overseas sales volumes as we worked to fulfill our commitment to supply our valued, long-term customers in Japan with the building materials they need to continue their recovery effort." "The decision we made to implement strategic capital projects in the 4Q 2010, which is typically a period of seasonally lower demand, resulted in operational efficiency gains in the 2Q 2011. I am particularly pleased to report that, in Q2, our OSB mill in Barwick, Ontario recorded its highest volumes of production since its purchase in 2004. Additionally, the dryer improvements at 100 Mile House and the press overhaul at Grande Prairie enabled both mills to complete seamless changes in product mix," added Mr. Huff. In the first six months of 2011, Ainsworth recorded sales of $151.9 million, a decrease of $41.5 million compared to sales of $193.4 million for the same period in 2010. The decrease in sales revenue was a result of a 21.8% decrease in realized pricing. Sale volume did not change significantly compared to 2010. Ainsworth is a leading Canadian forest products company, headquartered in Vancouver, Canada, with a reputation for the highest quality in engineered wood products.