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Article: Ainsworth Financial Results for the Third Quarter of 2009.(Financial report)
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 5, 2009 (Marketwire via COMTEX) -- Ainsworth Lumber Co. Ltd. (TSX:ANS)(TSX:ANS.WT) today reported its unaudited financial results for the quarter ended September 30, 2009.
During the third quarter of 2009, Ainsworth's three active OSB mills operated at capacity, taking no demand related downtime. Our facility at High Level, Alberta remains idle until market conditions improve. Net income from continuing operations for the third quarter of 2009 was $21.6 million compared to a net loss of $42.3 million for the same period in 2008. The improvement was largely attributable to foreign exchange gains associated with the Company's ...