Feb 23, 2012. /Lesprom Network/. Deltic Timber Corporation announced that financial results for the 4Q 2011 were a loss of $.2 million, $.02 a share, which compares to net income of $1.3 million, $.10 a share, in the corresponding quarter of 2010. The decrease is due mainly to a reduced pine sawtimber harvest volume sold at a lower average per-ton sales price, combined with the sales of fewer acres of non-strategic hardwood bottomland, as the company said in a press release received by Lesprom Network. For the year of 2011, net income was $2.7 million, $.21 a share, compared to $12.4 million, $.99 a share, for the twelve months ended December 31, 2010. Net cash provided by operating activities was $.2 million for the 4Q 2011, which compares to $2.4 million for the same period of last year. Cash provided by operating activities for the year of 2011 was $14.6 million compared to $28.9 million for the prior year. Commenting on the results, Deltic Timber Corporation’s President and CEO, Ray C. Dillon, stated: “Despite the continued weak markets for dimension lumber and residential real estate caused by the low level of housing starts and excess single family homes for sale in the United States, Deltic’s excellent portfolio of assets produced both positive net income and respectable cash flows for yet another year. We did not sell all of the hardwood bottomland acreage planned for 2011, as we kept this sales activity at the level the market would absorb, while maintaining the average sales price received per acre. Having our Mills segment generate positive operating income in this lumber market environment was quite an accomplishment. The slight loss for the 4Q was largely the result of timing. Good logging conditions existed for much of the year and allowed us to complete a large percentage of our annual timber harvest in the first three quarters of the year, and we closed on the sale of a significant commercial real estate site back in the 2Q.” Deltic Timber Corporation is a natural resources company focused on the ownership and management of timberland.