Norbord 2Q Profits at $33 Million
TORONTO -- Norbord Inc. reported second quarter earnings of $33 million, slightly less than half of the $67 in earnings for the same period last year, as sales declined from $389 million to $334 million. Barrie Shineton, Norbord president and CEO, attributed much of the decrease to falling prices for oriented strand board due to a decline in housing starts. Read more.
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