Nov 13, 2007. /Lesprom Network/. The Canadian forestry plantation company, which has major operations in China, said it earned $67 million, or 37 cents a share, for the three months ended Sept. 30. That was up from $45.1 million, or 32 cents a share, for the same period a year earlier. Revenue was $161.5 million, up 7.1% from $150.8 million in the year-before quarter. The company said standing timber sales increased $44 million to $139 million, as it sold 36,048 hectares of trees in the third quarter, or 54% more than in the same period last year. This was offset by a 74% decline in imported wood products, which dropped to $13 million due to an increase in export logs tax levied by the Russian government. The company's shares were down C$1.22, or 5.3%, at C$21.78 at midday on Monday on the Toronto Stock Exchange, but analysts pegged the weakness to falling Asian markets, which sold off overnight following a downdraft in the North American markets late last week. "With the Hong Kong market down overnight, there was just a little bit of nervousness and the stock has had a good run here," said Richard Kelertas, an analyst at Dundee Securities in Montreal. "Unless the numbers blew away consensus dramatically, there was no doubt that it was probably going to come off somewhat."