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EACOM Timber Corporation Q4 Loss Narrows; Says Market Conditions Have Improved

EACOM Timber Corporation (ETR.V) said for the quarter ended December 31, 2012, the net loss attributable to shareholders amounted to $388,000 or $0.00 per common share, against a net loss of $27,055,000 or $0.06 per common share in the corresponding quarter of 2011. In the corresponding quarter of 2011, the company recorded an impairment charge of $15 million. "Market conditions have improved compared to 2011," it said.

The business activities of EACOM consist of the manufacturing, marketing and distribution of lumber, wood chips and wood-based value-added products, and the management of forest resources. EACOM owns eight sawmills, all located in Eastern Canada, and related tenures.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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