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Abonner Precious Woods Holding Ltd.

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
quarterly or semiannual financial statement
Precious Woods achieves strong first-quarter results

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
3-month report
23.05.2007
Compared to the same period of the prior year, Precious Woods 
increased net timber sales by 13% from USD 10.3 million to USD 11.6 
million. Total operating income (including the increase in value of 
the plantations in Central America and revenues from the sale of 
emission rights) rose by 19% in first quarter 2007, from USD 11.8 
million to USD 14.0 million (unaudited figures). As there were no 
significant changes in the basis of consolidation compared with the 
same quarter last year, this strong performance is the result of 
organic growth.
First quarter net profit amounted to USD 2.5 million, compared with a
net loss of USD 0.1 million incurred in first quarter 2006. The 
turnaround was mainly driven by improvements in Precious Woods' core 
business. In Brazil the completed restructuring has gained traction. 
The European trading company improved sales and margin partially on 
the back of positive price and currency effects.
From the second quarter, the minority interest acquired in March and 
the acquisition of two African-based companies in April will increase
Group turnover by over USD 10 million per quarter as well as boost 
profits. Although the results of a single quarter should not be 
overrated, provided there are no serious setbacks or major, 
unexpected problems, Precious Woods can look forward to a good year 
in 2007. Precious Woods confirms orignal sales and profit 
expectations for the full year.
Precious Woods is an international company active in the sustainable 
management and use of tropical forests. The company's core activities
include the reforestation and sustainable management of tropical 
forests, timber processing and the trading of FSC-certified wood 
products. The generation of emission rights and electricity from 
waste wood are further integral parts of the company's business. The 
shares of Precious Woods Holding have been traded on the SWX Swiss 
Exchange since March 2002. Further information about Precious Woods 
is available under www.preciouswoods.com.
end of announcement                               euro adhoc 23.05.2007 16:02:00

Kontakt:

Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO
Tel. 41 1 245 80 10
mailto:office@preciouswoods.com

Branche: Forestry & Timber
ISIN: CH0013283368
WKN: 982280
Index: SPI
Börsen: SWX Swiss Exchange / official dealing

Plus de actualités: Precious Woods Holding Ltd.
Plus de actualités: Precious Woods Holding Ltd.