Sustained global demand for tropical wood helped French-owned forestry company Rougier to post a 13% increase in first half revenues.
Income for the six months were €87.5m and despite temporary logistical problems at its Central African operations, second quarter sales reached €42.8m, indicating a comparable increase of 12.6%.
Rougier produces and markets logs, sawn timber, plywood, and veneers. It also imports and markets logs, sawn timber, and transformed products in France.
Processed products, which account for around two-thirds of business, continued to gain ground with a 28% increase for sawn timber and 16.8% boost for plywood. Log sales were in line with historic trends, the company said.
The company released no profit figures, but said it expected highly satisfactory results in terms of operational performance and net profit, and earnings are also expected to improve in the second half.
