International Forest Products Ltd has blamed a C$12.1m second quarter loss on deteriorating market conditions.
The company said a combination of US duties, a rising Canadian dollar and difficult conditions in Japan all impacted on operations. It made a C$16.2m profit in the same period last year.
Rayonier‘s second quarter results, buoyed by the Matanzas Marsh land sale, show a net income of US$31.7m, compared with US$8.2m in the first quarter. Lower manufacturing costs and higher lumber prices helped the wood products division reduce its losses to US$2m.
Meanwhile, Pope Resources has reported a net income of US$1.3m on sales of US$7.5m for the second quarter. President and chief executive officer David Nunes said the results had been helped by the decision to ramp up production during the first six months.
