Compressed Margins Impact Western Revenue

Western Forest Products Inc. had a net loss of $21.4 million in the fourth quarter of 2022, compared to net income of $28.5 million in the fourth quarter of 2021, a difference of $49.9 million. The loss reflects compressed margins on lower log and lumber production and shipments, and $11.8 million of inventory provisions. Total revenue was $291 million, a decrease of 11.3 per cent versus $327.9 million from the year-ago period.