Canfor hit a record high operating income of $2.2 billion dollars last year, before adjustments.
But impairment charges of nearly $300 million puts their reported operating income at $1.9 billion, still a record year.
Net shareholder income for the year totaled $1.3 billion, or $10.74 per share, with impairment charges applied.
That more than doubles the previous record operating income of $727 million, and $4.35 per share, set in 2020.
Pulp mills contributed just $25 million in net income, still a solid improvement over the $22 million loss they imposed the prior year.
New acquisitions in Alberta allowed the corporation to begin producing 630 million extra board feet of production capacity per year.
The recent sale of the Mackenzie forest tenure to the McLeod Lake Indian Band, and Tsay Keh Dene Nation, netted Canfor $70 million in income.
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