Interfor Swings Into Black in 2Q Behind 20% Sales Growth
International Forest Products (Interfor) posted net earnings of C$300,000 (US$303,000) for the second quarter, a jump into the red from the C$5.3 million (US$5.4 million) loss reported a year ago. Total sales rose 20% to C$225.4 million (US$227.7 million).
Interfor Reports Operating Earnings During 4Q
International Forest Products Limited (Interfor) reported operating earnings of C$1.3 million (US$1.31 million), a complete turnaround from the C$7.8 million (US$7.86 million) operating loss the company posted during fourth quarter 2009.