Teak Holz International: Earnings Four Times as High as Revenue

Published: August 4, 2011; 15:14 · (Vindobona)

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: Earnings Four Times as High as Revenue / Picture: © Flickr

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…

This article includes a total of 191 words.

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