The company also increased its sales to the more profitable Japanese market to 22% of total sales in the third quarter. This compares to near zero Japanese volumes a year ago.
“The focus of the company is now on cash flow and profitability instead of absolute volumes,” said Matt Lehtipuu, RusForest CEO. “We are making progress and the entire organisation is working hard to reach profitability.”
Third quarter sawn timber output decreased to 69,416m3 (2012: 80,653m3), generating €14.8m (2012: €16.3m)
