Western Forest Products Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 276 million compared to CAD 437.4 million a year ago. Net loss was CAD 21 million compared to net income of CAD 38.1 million a year ago. Basic loss per share from continuing operations was CAD 0.07 compared to basic earnings per share from continuing operations of CAD 0.12 a year ago. Diluted loss per share from continuing operations was CAD 0.07 compared to diluted earnings per share from continuing operations of CAD 0.12 a year ago.
For the six months, sales was CAD 539.8 million compared to CAD 797 million a year ago. Net loss was CAD 38 million compared to net income of CAD 75.9 million a year ago. Basic loss per share from continuing operations was CAD 0.12 compared to basic earnings per share from continuing operations of CAD 0.23 a year ago. Diluted loss per share from continuing operations was CAD 0.12 compared to diluted earnings per share from continuing operations of CAD 0.23 a year ago.