Feb 17, 2011. /Lesprom Network/. West Fraser Timber Co. Ltd. reported earnings after discontinued operations of $39 million on sales of $719 million in the 4Q 2010 and earnings after discontinued operations of $166 million, on sales of $2,886 million for 2010, as the company said in a press release received by Lesprom Network. "Markets are still somewhat uneven, reflecting the fragile nature of the recovery. However, our mills ran well despite some challenging weather conditions and we are generally pleased with the results." said Hank Ketcham, the company's Chairman, President and CEO. In the quarter the company's lumber operations generated operating earnings of $20 million and EBITDA of $39 million. The company's lumber operations benefited in 2010 from improved prices supported by continuing constrained supply and increased Chinese demand for SPF lumber. The panel segment, which includes plywood, LVL and MDF, generated operating earnings in the quarter of $2 million and EBITDA of $6 million as plywood prices came under downward pressure as a result of increasing supplies of U.S. plywood into the Canadian market. Pulp and paper operations generated operating earnings in the quarter of $30 million and EBITDA of $44 million. Pulp prices weakened during the quarter with the NBSK benchmark averaging 3% lower than in the third quarter. West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp and newsprint. The company has operations in western Canada and the southern United States.