The company effectively turned a C$47.4m net loss in 2011 into a C$4.2m net profit in 2012. Benchmark lumber prices averaged US$371 per million board feet for studs and US$395 for random lengths, up 17% and 15% respectively.
Sales in 2012 were down 11% to C$248.9m, while lumber production was 447 million board feet, against 522 million board feet in 2011.
