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Western Forest Products' Q2 Loss Narrows on Higher Revenue; Announces CFO Appointment
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Western Forest Products' Q2 Loss Narrows on Higher Revenue; Announces CFO Appointment
Jul 31, 2024 2:21 PM

05:04 PM EDT, 07/31/2024 (MT Newswires) -- Western Forest Products ( WFSTF ) on Wednesday reported a narrower second quarter loss as revenue rose 12%.

The company's loss narrowed to $5.7 million, or $0.01 per share, in the period, from $20.7 million, or $0.07, in the year-prior quarter.

Revenue rose to $309.5 million, from $276 million, in the prior year period.

The company said demand for its products is expected to remain stable, except for in Japan, and China.

Western Forest Products ( WFSTF ) also announced that Glen Nontell, who joined the company in 2018, has been appointed chief financial officer, effective August 1. He takes over from Stephen Williams who steps down from the role at the end of this year.

The company's shares closed unchanged at $0.415 on the Toronto Stock Exchange.

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