Conifex Timber Inc. reported that 4Q 2015, revenues increased to $100.5 million from $95.2 million in the 4Q 2014. Operating income increased to $1.6 million in the 4Q 2015 from $0.6 million in the same quarter last year, as the inclusion of the results of our bioenergy segment more than offset a decline in operating income from our lumber segment.
EBITDA increased to $7.3 million in the 4Q 2015 from $4.1 million in the 4Q 2014, primarily as a result of the contribution from our bioenergy segment.
Revenues were $353.5 million in 2015 and $352.9 million in 2014.
Net loss for the year ended December 31, 2015 was $17.3 million or $0.82 per share compared to net income of $4.6 million or $0.22 per share for the prior year. The year-over-year variance in net income was primarily attributable to the $23.2 million variance in lumber segment operating results.
EBITDA was $7.7 million for 2015 and $21.3 million in 2014, with the difference largely due to variance in lumber segment operating results, somewhat offset with EBITDA contribution from the bioenergy segment.
Conifex Timber Inc. and its subsidiaries’ primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution.