Teak Holz Manages Turaround

Published: January 29, 2011; 00:20 · (Vindobona)

The Austrian timber company could realize profits again in the fiscal year October 2009/September 2010.

Teak Holz Manages Turaround / Picture: © Vindobona.org

Teak Holz records sales amounting to € 1.271m, which is a plus of 50% (2009: € 0.816m). The international business amounted to € 0.7m, domestic sales were € 0.5m. The company could realize an EBIT of € 3.5m (2009: € -11.8m), net profits were € 3.71m (2009: € -10.1m).

The value of organic assets (teak-plants and trees) rose by € 8m (previous year: € -4.2m).…

This article includes a total of 94 words.

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