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).
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.