Eacom Timber reported 2Q net loss of $13,662
Aug 24, 2011. Eacom Timber Corporation announced its 2Q results for the three-month period ended June 30, 2011. The Company recorded for the 2Q a negative EBITDA of $10,026. The net loss and comprehensive loss for the quarter amounted to $13,662.
Aug 24, 2011. /Lesprom Network/. Eacom Timber Corporation announced its 2Q results for the three-month period ended June 30, 2011. The Company’s operating results are significantly affected by lumber prices and the CDN$/US$ exchange rate. For the quarter ended June 30, 2011, a weaker pricing environment and a stronger Canadian dollar translated into a lower EBITDA compared to the previous quarter. The Company recorded for the quarter a negative EBITDA of $10,026. The net loss and comprehensive loss for the quarter amounted to $13,662, as the company said in a press release received by Lesprom Network.
For the quarter ended June 30, 2011, the Company recorded sales of $71,171, against sales of $79,955 for the preceding quarter. During the quarter, the Company shipped 158 million board feet of lumber (170 million board feet in the earlier quarter) and 140,000 oven-dried metric tons of by-products (161,000 oven-dried metric tons in the preceding quarter).
Eacom Timber Corporation is a TSX-V listed company. The business activities of Eacom consist of the manufacturing, marketing and distribution of lumber, wood chips and wood-based value-added products, and the management of forest resources.