The sawmiller’s first half results show an operating loss of €-3.9m (2012: €-4.3m), an improvement of 11% on a year ago. Turnover for the division was up 13.6% to €68m,
“Sawn timber prices rose by 1% and raw material prices dropped by 1%,” Vapo said.
Across all industry divisions, Vapo Group said it recorded an operating profit of €28.7m in the first half.
