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Teak Holz International: Earnings Four Times as High as Revenue
The Upper Austrian timber company’s revenue more than doubled in the first nine months of the financial year. The value of plantations increased by € 8.7m.

Teak Holz International AG reported results for the first three quarters of financial year 2010/11. The company achieved revenue of € 1.11m after € 437,000 in the comparable period of last year. Earnings before interest and taxes amounted to € 5.5m (after € 5.6m). The reason for this remarkable development: The teak trees on the company’s plantations have grown and their value…
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