Apr 26, 2010. /Lesprom Network/. International Forest Products Ltd. (Interfor) reported a net loss of $3.4 million or $0.07 per share in the 1Q 2010. 1Q loss includes a tax valuation allowance of $1.1 million or $0.02 per share, which results from the company no longer recognizing the tax benefit of loss carry-forwards, company said in a statement received by Lesprom Network. Excluding the tax valuation allowance and other one-time items, the loss for the 1Q was $2.2 million or $0.05 per share compared to a loss of $4.4 million or $0.09 per share in the 4Q 2009. On the same basis, the company reported a net loss of $10.6 million or $0.23 per share in the 1Q 2009. Included in the results for the 1Q was a provision of $0.4 million ($0.4 million or $0.01 per share after tax) relating to long-term incentive compensation. Similar costs expensed in the 4Q amounted to $1.5 million ($1.1 million or $0.02 per share after tax); in the 1Q last year the company recorded an expense of $0.4 million ($0.3 million or $0.01 per share after tax). EBITDA for the quarter was $9.7 million compared to $5.7 million in the 4Q and negative $8.4 million in the 1Q 2009. Interfor's revenue totalled $139.9 million, up sharply from $77.3 million. "Higher commodity prices in North America had a positive impact on our results in the quarter," said Duncan Davies President and CEO. 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.