20.4 C
Bucharest
April 12, 2021
BUSINESS

Romsilva ends 2014 on gross profit of 130 mln lei, turnover of 1.44 bn lei

The National Public Forestry Corporation Romsilva will end 2014 on a gross profit of over 130 million lei, up by 30% from that of last year and a turnover of 1.44 billion lei, higher by 15% than that in 2013, Romsilva’s CEO Adam Craciunescu told a Tuesday’s activity-review conference.
‘Romsilva has had a year with good results, given that we have recorded a turnover of 1.44 billion lei, which is much higher than the forecast one of 1.255 billion lei. Additionally, the gross profit has reached 130 million lei, but it is possible for us to exceed it when we draw the final at the year’s end, even if we have harvested a smaller volume of wood compared to previous years,’ said Craciunescu.
He added that another important achievement in 2014 has been doubling investments from the corporation’s own resources, with the money having been used to buy equipment.
Romsilva’s objective for 2015 is to harvest the forecast wood quantity, given that the EU has found that it is necessary to increase wood consumption by 10%.
Wood selling is the main source of revenues for Romsilva, around 85%, with sale prices having been by 40% higher, on average, in the past two years. The remainder of revenues came from organising hunting parties and from the sale of wild berries, medicine herbs, mushrooms and game.
Romsilva has harvested in 2014 around 9.1 million cubic meters of wood, but the programme provided for 9.6 million cubic meters.
Romsilva has been operating since 2010 under the supervision of the Ministry of Environment and Forestry and manages 3,266,494 ha of forest owned by the state, with some 18,000 employees, It also provides forestry services to an area of 1,123,378 has of forest under the public ownership of territorial administrative units or under the private ownership of individuals.

 

Related posts

ECB to add 40 staff

Nine O' Clock

Ionut Costea: Romanian companies are increasingly interested by African markets, and we support their initiatives

Nine O' Clock

Coface: Insolvent companies down by 10 pc in Q1

Nine O' Clock