Conifex Timber Inc. reported results for the 3Q ended September 30, 2021. EBITDA from continuing operations was positive $3.3 million compared to EBITDA of $7.6 million in the 3Q 2020. Net loss was $0.9 million or $0.02 per share in the quarter versus earnings in the year-earlier quarter of $0.04 per share.
During the 3Q 2021, Conifex Timber incurred a net loss from continuing operations of $0.9 million or $0.02 per share compared to net income of $26.1 million or $0.56 per share in the previous quarter and $2.0 million or $0.04 per share in the 3Q 2020.
Conifex Timber's lumber production in the third quarter of 2021 totalled approximately 40.1 million board feet, representing operating rates of approximately 67% of annualized capacity. In the previous quarter, 49.0 million board feet of lumber was produced. The decrease in lumber production for the 3Q was largely driven by the temporary curtailment of lumber production operations for two weeks in August 2021.
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. Conifex's lumber products are sold in the United States, Canadian and Japanese markets.
