At its annual general meeting on February 10 timber importer KDM International plc reported exceptional pre-tax profits of £575,482 for the year ended December 31 2002.
The Kesgrave, Ipswich-based company’s earnings were achieved on a turnover of £15.1 million.
Last year KDM International shareholders initially rejected a buyout offer for the company from Timber Forest Holdings, a business controlled by directors of KDM.
