Conifex Timber Full Year 2023 Earnings: CA$0.77 loss per share (vs CA$0.61 profit in FY 2022)

Conifex Timber (TSE:CFF) Full Year 2023 Results

Key Financial Results

• Revenue: CA$141.2m (down 39% from FY 2022).
• Net loss: CA$30.6m (down by 225% from CA$24.5m profit in FY 2022).
• CA$0.77 loss per share (down from CA$0.61 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Conifex Timber Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Forestry industry in Canada.

Performance of the Canadian Forestry industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Conifex Timber (1 is potentially serious) you should be aware of.

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