Rise in profits hint at Canadian forestry sector turnaround

March 24, 2014

Canadian forest and paper companies are turning the corner and returning to profitability, according to PwC's Global Forest and Paper Industry Net Earnings Summary for the quarter ending December 31, 2013 released by PwC today.

This survey of public companies shows that most Canadian companies achieved generally positive results in the fourth quarter, particularly when compared to 2012 performance. For example, the net earnings of nine selected Canadian western-based companies increased from $10.6 million in the fourth quarter of 2012, to $48.3 million in Q4 2013. The net earnings of four eastern-based companies went from red to black, improving from a loss of $57.6 million in the fourth quarter of 2012 to earnings of $7.9 million in the fourth quarter of 2013...Read more.

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