Nov 22, 2011. /Lesprom Network/. Conifex Timber Inc. reported a net loss of $2.2 million and positive EBITDA of $0.6 million on sales of $38.2 million for the 3Q ended September 30, 2011. Current quarter net loss and EBITDA improved by $1.4 million over the previous quarter, as the company said in a press release received by Lesprom Network. Net loss during the current quarter improved by $0.7 million over the 3Q 2010 while EBITDA improved by $2.4 million. Overall operating rates based on current total estimated production capacity were approximately 55% during the second and third quarters of 2011 compared to 21% during the 3Q last year. The Company reported current quarter lumber shipments of 115 million board feet which represented an increase of 42% over the previous quarter and 260% over the same quarter last year. The increase in shipment volume was due to higher operating rates and the fulfillment of shipment orders from the previous quarter. Revenue from lumber shipments increased by 54% compared to the previous quarter and by 262% over the same quarter last year. Current quarter average WSPF 2x4 #2 & Btr prices increased by approximately 4% compared to the previous quarter and the same quarter last year once the effect of exchange rate fluctuations between the Canadian and U.S. dollar is removed. Lumber production during the 3Q 2011 totalled 102 million board feet and was flat compared to the previous quarter and an increase of approximately 258% over the 3Q 2010. Operating results reflect a modest increase in unit log costs during the current quarter and year-to-date periods, modest improvement in unit cash conversion costs during the current quarter and a more significant decrease in current and year-to-date lumber segment selling, general and administration unit costs. Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Upon completion of its bioenergy facility at Mackenzie, British Columbia, Conifex's business segments will be expanded to include bioenergy.