Tous Actualités
Suivre
Abonner Precious Woods Holding Ltd.

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding Ltd.
Annual Reports
Strong Growth at Precious Woods. Capital increase planned with shareholder options.

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report
24.04.2008
Precious Woods posted total operating income of USD 99.8 million for 
2007, an increase of two-thirds on the previous year. Timber and 
electricity sales rose by more than 100%. The major share of this 
increase was due to the newly acquired companies in Gabon. By 
contrast, revenue from emission reduction activities amounted to only
one-third of the prior year revenue which had included emission 
rights accumulated from previous years.
Operating profit increased by 100% to USD 7.8 million. Net profit 
also doubled to USD 10.8 million. The lower profit from emission 
reduction activities was offset by a gain from the revaluation of 
investment property in Costa Rica.
Detailed information about the results for the year is given in the 
2007 Annual Report, which was sent out to shareholders and published 
on www.preciouswoods.com.
In the current year, Precious Woods aims to invest over USD 20 
million to improve sales and profitability. In order to maintain the 
healthy balance-sheet structure with a high equity ratio, a capital 
increase representing 10% of the current authorised capital will be 
proposed to the Shareholders´ Meeting. This capital increase will be 
conducted by the issue of listed shareholder options. These will be 
distributed to shareholders free of charge granting the right to 
subscribe to new shares probably until the end of October 2008, at a 
strike price approximately one-third less than the stock market 
value.
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

Kontakt:

Precious Woods Holding AG, Zug
Dr. Ted Scheidegger, CFO
Tel. 41 1 245 81 11
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.