Conifex Timber Inc. reported results for the 2Q ended June 30, 2021. EBITDA from continuing operations was $37.8 million versus negative EBITDA of $1.2 million in the 2Q 2020.
2Q 2021 net income from continuing operations was $26.1 million, or $0.56 per share compared to $4.5 million or $0.10 per share in the previous quarter and a net loss of $2.7 million or $0.05 per share in the 2Q 2020. The results reflect record-high lumber prices, increased shipments with the easing of railcar supply challenges, and strong results at our power plant.
Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.
