Interfor's results continue to improve, but still post net loss of $5 million

Interfor, International Forest Products Limited, have posted a net loss of $5.0 million in its fourth quarter of 2009.

These results can be compared to a net loss of $7.5 milliion in Interfor's third quarter. In the fourth quarter of 2008, Interfor posted a net loss of $3.7 million.

"Higher operating rates and sales activity were the key factors underlying the improvement in our results," said Duncan Davies, Interfor's President and Chief Executive Officer.

"Production at the new Adams Lake sawmill continues to ramp up nicely", said Davies, "and the Grand Forks mill, which resumed operations in October, made a strong contribution as well. Our U.S. mills also performed well in the quarter, with production up more than 10% compared to the preceding quarter."

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Interfor's Results Continue to Improve - Higher Operating Rates and Sales Activity Boost Results; Market Tone Has Improved but Uncertainty Remains (Interfor)