Ainsworth Lumber Co. Ltd., which almost went under two years ago, continues to establish itself on a better financial and production footing.
The company posted a profit in the third quarter of $10.1 million, and its fifth consecutive quarter of positive EBITDA, defined as earning before interest, depreciation and amortization. EBITDA is considered a key cash-flow measure for forestry companies.
Ainsworth operates an oriented strand board plant in 100 Mile House, south of Prince George.
Its $10.1 million profit compared to a $20.2 million profit during the same three month-period in 2009, ending in September. Sales are up this year at $274.5 million in the first nine months, compared to sales of $218.8 million last year. Profit in the first nine months is $7.6 million compared to a $9.3 million loss last year.
