| |
Profit
- Evergreen recorded
a six month operating surplus of $2.107 million, compared with $0.890
million for the corresponding period last year.
- Evergreen harvested
63,817 m3 of timber in the six months to 31 December 1999, compared
with 82,337 m3 in the full year ended 30 June 1999.
Growth
- Evergreen purchased
3,204 stocked hectares of established East Coast forests in late 1999.
These mid-rotation forests are synergistic with the existing estate
in terms of age class profile, and complementary in terms of location.
East Coast holdings are now 9,531 stocked hectares.
Market Development
- Evergreen has
been directly involved in the development of an export market for high
quality pruned logs to Korea.
- In February
2000 Evergreen invested in a forestry marketing subsidiary, Forestry
New Zealand Limited. The intention is to both maximise the value recovered
from the existing estate and create a secondary income stream trading
third-party resource.
Return
to Annual Reports
|
|
|
