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Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Quarterly or Semiannual Financial Statements
Precious Woods achieves good half year results (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Precious Woods was able to achieve a significant improvement of the
consolidated results for the first half of 2004 compared to the same
period of the prior year. The net sales of timber products increased
by 53% from USD 3.9 million to USD 5.9 million. Net profit for the
first half increased by 66% from USD 820 thousand to USD 1.362
million. The equity ratio was 76% at the end of June 2004 (compared
to 77% in June 2003 and 75% in December 2003). As the backlog for FSC
certified timber is excellent at the end of the first half, Precious
Wood is confident to achieve a significantly improved result for the
full year.
Precious Woods is active in the sustainable management of tropical
forests and has been listed on the SWX Swiss Exchange since March
2002. Details can be found in the shareholder letter, which has been
mailed to all registered shareholders and published on the web at
www.preciouswoods.com.
end of announcement        euro adhoc 03.09.2004

Contact:

Precious Woods Holding AG, Zug
Dr. Andres Gut, CFO
Tel. 41 1 245 80 10
mailto:office@preciouswoods.ch

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

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