Feb 15, 2011. /Lesprom Network/. Canfor Corporation reported net income of $54.9 million for the 4Q 2010, compared to $33.5 million for the 3Q 2010 and a net loss of $9.1 million for the 4Q 2009. For the year ended December 31, 2010, the company's net income was $161.3 million, compared to a net loss of $62.8 million for 2009. Reported EBITDA for the 4Q 2010 was $79.0 million, up $13.0 million from the previous quarter. Excluding the impact from inventory write-down movements, and a 3Q provision related to the announced permanent closure of the Clear Lake lumber operation (which took effect in January 2011), EBITDA was down $2.3 million. Compared to the 4Q 2009, reported EBITDA was up $63.8 million, principally reflecting the improved lumber and pulp market prices. Commenting on the results, Canfor’s President and CEO, Jim Shepard said, “We continue to be very encouraged by the growth of our lumber business in key Asian markets, particularly Japan and China, which has mitigated some of the impact of the slow U.S.housing market.” Canfor produces primarily softwood lumber and also produces oriented strand board (OSB), remanufactured lumber products and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper.