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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.