Weyerhaeuser has reported net profits of US$10m (2010: US$14m) for the second quarter.
Net sales were the same as a year ago at US$1.8bn.
The wood products division recorded operating profits of US$1m compared to breakeven a year ago. Sales were up to US$702m (2010: US$624m).
But Weyerhaeuser anticipates a loss from the divison in the third quarter due to lower selling prices for lumber and OSB, plus lower sales volumes across most product lines.
“The recently announced agreements to sell our hardwoods and Westwood Shipping Lines operations demonstrate the focus we are placing on our strategic direction,” said president and CEO Dan Fulton.
