West Fraser Timber reported first quarter earnings yesterday of $67 million, up from its $20 million result in 2012’s fourth quarter.
The company reported that its lumber and panel operations did well, generating $14 million of operating earnings. West Fraser said that higher prices for plywood contributed to the increase.
But its pulp and paper operations generated an operating loss of $4 million. The company blamed the loss on production issues at its mills, noting that pulp prices have recently increased. The loss represents a decline from the previous quarter.
