Apr 21, 2009. /Lesprom Network/. Deltic Timber Corp. suffering from the weak lumber market and lower prices, lost $1.17 million or 9 cents a share in the 1Q, compared with a loss of $368,000 or 3 cents a share for the same period of 2008, as Arkansas Business informed Lesprom Network. Revenue for the quarter was also down, falling to $22.9 million from $27.8 million the year before. Ray C. Dillon, President and CEO, said the decrease in the 1Q results was due mainly to a lower pine sawtimber harvest volume and lower average per-ton sales price, fewer acres of non-strategic timberland sold and reduced real estate sales activity. "The economic uncertainty resulting from the financial crisis and the resulting recession continued to have a strong negative impact on both lumber and real estate markets during the 1Q," Dillon said. "A bright spot in these difficult times is that Del-Tin Fiber, our medium density fiberboard joint-venture, again reported positive financial results." Deltic, which owns the Chenal Valley development, said its real estate segment lost $1 million in the 1Q. There were no residential lot sales in the 1Q versus seven lots sold at an average lot price of $68,000 in the same period a year ago. There were no sales of commercial real estate acreage in the 1Q of either year. Dillon said the company expects to sell at three to six residential lots in the 2Q and 10 to 20 lots for 2009.