Ainsworth Financial Earnings

Ainsworth Lumber is reporting financial losses for 2009, but not as significant as the year before.

The Vancouver-based company that operates the mill in Barwick, says it lost $21.6 million last year.

It's losses in 2008 were almost $322-million.

In a statement, Ainsworth says it completed a full strategic review, divested its portfolio of non-core assets, strengthened the management team and continued to find ways to cut costs and improve operational efficiency.