OREANDA-NEWS. The main activities of the Company in 2016 were logging and production of timber products: peeled and turn poles production in timber processing unit.

In 2016 the net turnover was EUR 1 686 925, that is about 10.15% less than in 2015.

During 6 month of the year 2016,  10 213.- m3 poles were produced in the timber processing unit and woodchips of   23 803.-m3 were sold.

Total revenues for the Company during 6 month of year 2016 were EUR 1 686 925.

The result for 6 month of the year 2016 is profits EUR 64 164, which corresponds to EUR 0.129 profits per share.

        2016 2015
  Note     EUR EUR
Revenues 2     1 686 925 1 877 472
Cost of goods sold 3              (1 574 664)          (1 766 775)
Gross result       112 261 110 697
Administration expenses 4                (38 829)            (34 825)
Other operating income 5             2 348 4
Other operating expenses 6                  (7 114)              (7 606)
Fiancial income 7                      2 005
Financial expenses 8                     (3 245)              (1 812)
Profit (loss) before taxes                   65 421 68 463
Deferred corporate income tax 9; 18                     -                       -
Other taxes 17                     (1 257)                 (1 243)
Net profit (loss)              64 164 67 220