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VANCOUVER — West Fraser Timber Co. Ltd. reported a loss of US$751 million during the fourth quarter, compared with a loss of US$62 million during the same period last year. 

The Vancouver-based wood products company, which keeps its books in U.S. dollars, says its earnings included US$712 million in restructuring and impairment charges.   

In January, the company announced it would record a goodwill impairment charge in its lumber segment during the fourth quarter. 

Per diluted share, the company says the losses amounted to US$9.63 compared with 80 cents US last year. 

West Fraser says sales for the fourth quarter amounted to US$1.2 billion.   

West Fraser CEO Sean McLaren says the company faced a challenging fourth quarter amid elevated duties and tariffs on softwood lumber.

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