Q1 2023 Conifex Timber Inc Earnings Call Transcript
Good afternoon, ladies and gentlemen. Welcome to the Conifex Timber Inc. Q1 2023 Results. I would now like to turn the meeting over to Mr. Ken Shields. Please go ahead.
Well, thank you, Michael, and good afternoon, everyone, and welcome to our call covering our Q1 2023 results. Let's quickly deal with a housekeeping item. We will be making forward-looking statements and references to non-IFRS measures, and therefore, call your attention to the warning statements set out on Pages 1 and 2 of the MD&A dated May 9 that we distributed.
Turning to our results. In the first quarter, we reported negative EBITDA of $6.9 million and a net loss of $8.1 million, which was equivalent to $0.20 per Conifex share. This loss lowered our book value per share to $3.51. After depositing $1.25 million in duties, our potentially refundable duties now exceed $1 per Conifex share before any allowances for holdbacks or income taxes on any return of duties. Our Q1 results were below the guidance we
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