Conifex Timber decreased Adjusted EBITDA margin to 6.1% in 1Q2017

Conifex Timber, publicly listed softwood forest products company operating in the Northern Interior region of British Columbia, Canada, reported 10.3% decrease of Adjusted EBITDA amid stable sales in 1Q2017 y-o-y. According to the announcement, the company’s sales accounted for CAD 100.3 million, generating Adjusted EBITDA of CAD 6.1 million in the period (6.1% margin).

Check other wood business-related companies 1Q2017 schedules for financial and operating results.

Earlier Conifex Timber completed private placement of its common shares to an existing shareholder

About Conifex Timber:

The company is publicly listed softwood forest products company operating in the Northern Interior region of British Columbia, Canada. Its primary business is the manufacture of structural grade SPF dimension lumber. Conifex’s operations include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing. Conifex’s lumber products are sold in the United States, Chinese, Canadian and Japanese markets.

Source: Woodbizforum