Crown Zellerbach wrote off $30 million in the 4th quarter.

The one-time write-off was to cover remaining projected losses on timber-cutting contracts, Crown Zellerbach said. The pretax charge also covers various other costs associated with repositioning the company’s wood products business. For the nine months ended Sept. 30, Crown Zellerbach had net income of $76.6 million, or $2.38 per share, on sales of $727.4 million.