GreenFirst Forest Products Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was CAD 111.63 million compared to CAD 160.73 million a year ago. Net loss was CAD 9.67 million compared to net income of CAD 30.65 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to basic earnings per share from continuing operations of CAD 0.09 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to diluted earnings per share from continuing operations of CAD 0.09 a year ago. Basic loss per share was CAD 0.05 compared to basic earnings per share of CAD 0.17 a year ago. Diluted loss per share was CAD 0.05 compared to diluted earnings per share of CAD 0.16 a year ago.
For the six months, sales was CAD 210.75 million compared to CAD 280.45 million a year ago. Net loss was CAD 28.09 million compared to net income of CAD 65.96 million a year ago. Basic loss per share from continuing operations was CAD 0.17 compared to basic earnings per share from continuing operations of CAD 0.21 a year ago. Diluted loss per share from continuing operations was CAD 0.17 compared to diluted earnings per share from continuing operations of CAD 0.2 a year ago. Basic loss per share was CAD 0.16 compared to basic earnings per share of CAD 0.37 a year ago. Diluted loss per share was CAD 0.16 compared to diluted earnings per share of CAD 0.35 a year ago.