May 18, 2011. /Lesprom Network/. International Forest Products Limited ("Interfor") reported a net loss of $1.7 million in the 1Q 2011. Included in the Company's accounts for the quarter was the effect of unrecognized tax assets of $0.3 million and other one- time items of $0.9 million. Excluding these items, Interfor recorded a net loss of $0.5 million compared to net income of $0.5 million in the immediately preceding quarter and a loss of $2.2 million in the 1Q 2010. EBITDA for the quarter (adjusted to exclude one-time items and "other income" but after deducting the long-term compensation expense) was $12.7 million, down $1.8 million from the 4Q but up $2.7 million versus the 1Q 2010. Lumber production in the 1Q was 332 million board feet, up 10% versus the fourth quarter, while sales volumes were off 2% to 313 million board feet. Shipping delays caused by a lack of rail cars and trucks and other logistics issues were the primary reason for the drop in shipments. Sales to China were off 5% quarter-over-quarter due to the above-noted transportation and logistics issues, but still accounted for 28% of the Company's non-wholesale shipments. Interfor is one of the Pacific Northwest's largest producers of quality wood products. The Company has operations in British Columbia, Washington and Oregon, including two sawmills in the Coastal region of British Columbia, three in the B.C. Interior, two in Washington and two in Oregon.