Despite a 6.8% increase in sales, West Fraser Timber Co. Ltd. (TSX:WFT) recorded a $14.2 million loss in its second quarter, which ended June 30.
The result contrasted with a $103.8 million profit in the same quarter a year ago and came despite quarterly sales rising to $948.1 million from $887.9 million.
West Fraser cited an increase in quarterly expenses and product costs to $728.8 million from $609.6 million as a key reason for the negative result.
West Fraser's share price range during the past week: between $39.36 and $41.46; 52-week high: $45.99; 52-week low: $34.85.