GreenFirst Forest Products Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 95.7 million compared to CAD 111.47 million a year ago. Net income was CAD 2.66 million compared to net loss of CAD 23.26 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.09 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to diluted loss per share from continuing operations of CAD 0.09 a year ago. Basic earnings per share was CAD 0.01 compared to basic loss per share of CAD 0.13 a year ago. Diluted earnings per share was CAD 0.01 compared to diluted loss per share of CAD 0.13 a year ago.
For the nine months, sales was CAD 306.45 million compared to CAD 391.92 million a year ago. Net loss was CAD 25.43 million compared to net income of CAD 42.71 million a year ago. Basic loss per share from continuing operations was CAD 0.15 compared to basic earnings per share from continuing operations of CAD 0.12 a year ago. Diluted loss per share from continuing operations was CAD 0.15 compared to diluted earnings per share from continuing operations of CAD 0.11 a year ago. Basic loss per share was CAD 0.14 compared to basic earnings per share of CAD 0.24 a year ago. Diluted loss per share was CAD 0.14 compared to diluted earnings per share of CAD 0.22 a year ago.