euro adhoc: Precious Woods Holding Ltd.
Financial Figures/Balance Sheet /
Precious Woods achieves significant revenue growth
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
annual report/Revenue
20.01.2008
In 2007, Precious Woods increased total operating income by 68% to USD 100.9 million from USD 59.9 million in the prior year. Net sales of timber and electricity increased by 112% to USD 91.4 million from USD 43.1 million. USD 41.5 million of this increase originated from the Gabon operations acquired in April 2007 and USD 6.8 million was due to organic growth. Revenue from emission rights decreased to USD 3.5 million from USD 11.4 million in 2006 - latter included significant retroactive one-off revenue from emissions rights and is thus not comparable. The net change in fair value of biological assets in Central America increased to USD 6.0 million from USD 5.4 million. All figures given above for 2007 are preliminary and un-audited. The final results including statement of income will be published in April.
Precious Woods is an international company active in the sustainable management and use of tropical forests. The company's core activities include reforestation and sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products. The generation of emission rights and electricity from recovery wood represent further integral elements of the company's business. The shares of Precious Woods Holding have been traded on the SWX Swiss Exchange since March 2002. Further information about Precious Woods is available at www.preciouswoods.com.
end of announcement euro adhoc
Contact:
Precious Woods Holding AG, Zug
Dr. Ted Scheidegger, CFO
Tel. 41 44 245 80 10
mailto:office@preciouswoods.com
Branche: Forestry & Timber
ISIN: CH0013283368
WKN: 982280
Index: SPI
Börsen: SWX Swiss Exchange / official dealing