Highland Timber, the AIM-listed imvestment company with extensive forestry interests in the UK and New Zealand, has substantially reduced its financial losses on the back of favourable currency exchange movements.
The company has reported a pre-tax loss of £92,000 for the 12 months to June 30 this year compared to a deficit of £222,000 in the previous year. Turnover improved from £774,000 to around £1m over the comparative periods.
