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Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
quarterly or semiannual financial statement
Precious Woods in Period of Growth

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
10.09.2007
The half-year results demonstrate that Precious Woods continues to 
grow strongly. Compared to the same period a year earlier, total 
operating income was up 69%, from USD 25.0 million to USD 42.4 
million. Net income amounted to USD 5.1 million versus a loss of USD 
2.1 million in first half of 2006. In the second quarter, the 
recently acquired Gabon-based companies already contributed 
substantially to the increase in turnover and net income. Precious 
Woods Europe performed better than expected. Precious Woods Central 
America's result was in line with our forecast, whereas our Brazilian
subsidiaries did not meet expectations. Revenues from emission rights
and the generation of electricity were impacted by the shutdown of 
the power plant in Itacoatiara which lasted several weeks. Details 
are available in the Half-Year-Report which may be accessed at 
www.preciouswoods.com
Statement of Income
in USD millions       June 30, 2007      June 30, 2006
Operating income               42,4               25,0
Gross profit                   12,1                3,4
Profit from
operating activities            5,4               -2,1
Net income after
minority interest               5,1               -2,1
Further, the transition contract which is a prerequisite for the 
forest harvest at Precious Woods Pará has been signed last week. This
will allow the harvest to commence this week - albeit with a 
significant delay. This is important for the second semester 
expectations. The delayed harvest will significantly impact the 
results of Precious Woods Pará in the third quarter - Precious Woods 
Europe will also suffer from the lower volume of timber supplied. 
However, in spite of this, the original profit expectations for the 
Precious Woods Group as a whole should be met or exceeded in 2007.
Precious Woods is an international company active in the sustainable 
management and use of tropical forests. The company's core activities
include reforestation and sustainable management of tropical forests,
timber processing and the trading of FSC-certified timber products. 
The generation of emission rights and electricity from recovery wood 
represent further integral elements 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 at www.preciouswoods.com.
end of announcement                               euro adhoc 10.09.2007 06:30:00

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.