March 28, 2024

Taiga Building Products Q2 profit hits $3.3M

BURNABY, B.C. – Taiga Building Products Ltd. (TSX:TBL) has credited an increase in gross margin for a big improvement in its fiscal 2011 second quarter earnings.

The Burnaby-based wholesale distributor of building products said it earned a profit of $ 3.3 million or 10 cents per share in the three months ended Sept. 30. That was up from $ 1.9 million or six cents in the same prior-year period.

Consolidated net sales for the quarter were $ 280 million, up 6.6 per cent from $ 260.8 million in the 2010 quarter.

Taiga has distribution centres across Canada and in California that supply lumber, treated wood, engineered wood, roofing materials and other products. It also owns and operates plants that produce pressure-treated wood products.

Local news from metronews.ca/vancouver

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