Jul 26, 2012. /Lesprom Network/. Canfor Corporation reported net income attributable to shareholders ("shareholder net income") of $4.5 million, or $0.03 per share, for the 2Q 2012, compared to a shareholder net loss of $16.2 million, or $0.11 per share, for the 1Q 2012 and shareholder net income of $2.1 million, or $0.01 per share, for the 2Q 2011. For the six months ended June 30, 2012, the shareholder net loss was $11.7 million, or $0.08 per share, compared to net income of $9.1 million, or $0.06 per share, for the first half of 2011, as the company said in the press release received by Lesprom Network. The shareholder net income for the 2Q 2012 included various items affecting comparability with prior periods, which had an overall net negative impact of $6.6 million, or $0.05 per share. After adjusting for such items, the Company's adjusted shareholder net income for the 2Q 2012 was $11.1 million, or $0.08 per share, up $33.4 million, or $0.24 per share, from an adjusted shareholder net loss of $22.3 million, or $0.16 per share, for the 1Q 2012. Adjusted shareholder net income for the 2Q 2011 was $2.6 million, or $0.02 per share. The Company reported operating income of $26 million for the 2Q 2012, compared to an operating loss of $21.5 million for the 1Q. The positive variance primarily reflected improved results in the lumber segment, where stronger markets supported higher prices. Commenting on the 2Q performance, Canfor's President and CEO, Don Kayne, said, "The improvement in lumber prices and earnings reflected a modest increase in construction activity in North America and continued solid offshore demand for Western SPF lumber products." With respect to its recently acquired operations, Kayne added, "The integration of these operations has gone very smoothly, and the start-up of our upgraded Radium mill in the same south-east Kootenay region of B.C. remains on schedule for the fall of this year." Canfor produces primarily softwood lumber and also produces oriented strand board (OSB), remanufactured lumber products, specialized wood products and bleached chemi-thermo mechanical pulp (BCTMP). Canfor also owns a 50.2% interest in Canfor Pulp Products Inc., which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper.