Weyerhaeuser Company has reported a second-quarter loss of US$96m from a year
earlier profit of US$32m.
Revenue for the Federal Way, Washington-based company fell to US$3.61bn from US$4.33bn a year earlier.
Weyerhaeuser said “unprecedented conditionsin the housing market are reflected in the second-quarter results of its real estate, wood products and timberlands businesses.
In addition, high oil and energy prices hurt all its businesses. “We’re not satisfied with the results and are continuing to take restructuring action consistent with our more focused portfolio,said the company.
