Hardwood specialist DLH has reported a rise in first-half profits before interest and tax to DKr42m (2010: DKr39m).
The company, which reported a largely unchanged turnover on a year ago of DKr1630m, also said it would now roll out further structural changes over the next quarters, including amalgamation of some inventory and sales functions in Scandinavia and the expansion of activities in Hong Kong.
DLH’s western Europe business saw profits rise to DKr31m (2010: DKr24m), while the American market remains difficult because of the adverse property sector. US tropical hardwood sales were “satisfactory”, while trade in sheet materials and decking was below last year’s level.
The company booked a DKK6m loss from discontinued operations, primarily as a result of the sale of its UK operation.
DLH said it expected to achieve a turnover of DKr3.3bn and earnings before interest and tax of DKr60m for the full year.
