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International Internet Magazine. Baltic States news & analytics Friday, 23.08.2019, 23:03

Profit of Estonian state forest manager RMK grow in H1

BC, Tallinn, 15.08.2016.Print version
The sales revenue of the Estonian state forest management company RMK in the first half of 2016 totaled 81 mln euros and profit 6.3 mln euros, compared with respectively 75.3 mln euros and 4.5 mln euros in the first six months of last year, reports LETA/BNS.

The board chairman of RMK, Aigar Kallas, said the increase in sales and profit was altogether consistent with the goals set out in the development plan of RMK.


"While the storm that ravaged South Estonia at the beginning of July will definitely make its adjustments both when it comes to the amount of wood to be cut and its quality, we will do our best to meet the targets set out in the budget by the end of the year," Kallas said.


During the six months, RMK sold 1.8 mln cubic meters of forest produce for 76.4 mln euros. The average selling price was 42.8 euros per cubic meter, 3%  lower than in the first half of 2015.


In the first half of 2015, RMK sold 1.6 mln cubic meters of forest produce for 70.8 mln euros and the average price was 44.3 euros per cubic meter.


RMK sold 86,885 cubic meters of cuttings and wood chips for 2.4 mln euros in the six months, the average selling price being 27.7 euros per cubic meter. The amount sold in the first six months of 2016 was 75,448 cubic meters, the income received was 2.2 mln euros and the average price 28.7 euros per cubic meter.


RMK's revenue this year is budgeted to reach 171 mln euros and profit 37 mln euros.


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