Rusforest
-
August 30, 2016
RusForest reports 7% increased harvesting production in Q2/2016
RusForest AB announced its Q2 2016 report, with increased sawmilling and harvesting production. The Swedish forestry company with operations in Russia reported increased harvesting production, of 31,770m3 of logs in Magistralny and Ust-Ilimsk in Q2 2016 (Q2 2015: 29,704 m3), representing almost 7% increase. Also, the company harvested 714 m3 of logs in Ust-Ilimsk subcontracted forest lease areas in the mentioned period, compared to the 82,816 m3 in the same period last year. RusForest produced 17,838 m3 of sawnwood in Magistralny in Q2 2016, compared to the 18,467 m3 in the Q2 2015. “RusForest is happy to report a financially very strong second quarter, largely due to the successful sales of non-core forest leases and recognition of profit thereto. Both new business activities performed as expected and short term focus is mainly on further improvement of the Ust-Ilimsk... Continue reading
