TFS grows its prof­its

Townsville Bulletin - - NEWS -

SAN­DAL­WOOD plan­ta­tion op­er­a­tor TFS Cor­po­ra­tion has reaf­firmed its ex­pec­ta­tion of a net profit of at least $ 90 mil­lion in the 2014/ 15 fi­nan­cial year. TFS said it would meet its earn­ings guid­ance af­ter selling more than 1500 hectares of new In­dian san­dal­wood plan­ta­tions dur­ing 2014/ 15. Plan­ta­tions are al­ready op­er­at­ing in the Bur­dekin. The new plan­ta­tion sales were up on the sale of 1477 hectares in the prior year, and in line with ex­pec­ta­tions. TFS booked a 48 per cent in­crease in net profit to $ 82.5 mil­lion in 2013/ 14.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.