| Precious Woods: increase of operating income below expectations |
| 30/07/2008 - 11:54 |
Precious Woods was able to increase operating income by 50% compared to the prior year from USD 42.4 Mio to USD 63.5 Mio. The increase in local currencies only amounted to 30% and was thus significantly below expectation for two reasons:
1. Technical issues at the rotary veneer plant TGI in Gabon: The yield of first grade product was significantly lower than previously achieved which led to reduced revenue at constant cost. Specialists of the manufacturer have identified the deficiencies and provided proposals to rectify these. In the third quarter, a new technical director will assume management of the rotary veneer plant.
2. Low supply and too high demand for international shipping capacity: This led to significant delays in the shipping of product sold by Gabon and consequently to a delay of a portion of the revenue. Since the beginning of July this situation has begun to slightly ease.
On the other hand, revenue from energy and emission rights increased. Precious Woods Amazon also increased sales. |
| (Precious Woods) |
 |
 Wyślij ten artykuł do przyjaciela |
|
| Wiadomości |
|
|
|
|
| 25/04/2008 - 11:58 |
|
|
|
|
| 12/04/2007 - 09:31 |
|
|
|
|
| 01/02/2007 - 10:06 |
|
