Estonia, Markets and Companies, Woodwork

International Internet Magazine. Baltic States news & analytics Thursday, 24.09.2020, 05:54

State Forest Management Centre’s sales revenue fell by 490 mln kroons in 9 months

Juhan Tere, BC, Tallinn, 26.10.2009.Print version
The 9-months sales revenue generated by the State Forest Management Centre in Estonia in 2009 amounted to a total of 890 million kroons, writes EPL Online/LETA.

This is by 490 million kroons less than during the same period of time last year.

 

Most of the revenue – 809 million kroons – was earned by the centre from sales of timber and cutting rights to growing forests.

 

The decline in the sales revenue was caused by the abrupt decline in demand for timber on the market in the beginning of the year and the consequent fall in the sales volumes and prices. By now, the timber market has partly recovered and the sales revenue is on schedule in terms of the budget.

 

9-months profits earned by the enterprise this year amounted to 47 million kroons.

 

The State Forest Management Centre administers 38% of Estonia’s forests.






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