West Fraser earnings soar in Q1

VANCOUVER — West Fraser Timber saw sales rise by 7% to $1.2 billion, from $1.08 billion a year ago. Earnings for the period more than doubled, amounting to $123 million compared to $42 million in Q1 of 2016. The company attributed the growth primarily to advantageous changes in product pricing, partly offset by costs associated with reopening its WestPine MDF mill. The Quesnel, B.C., facility closed a year ago after an explosion.

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