-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
17.01.2007
Precious Woods achieved net sales in 2006 of USD 53.4 million (preliminary un-audited figures). The net sales more than tripled compared to USD 15.3 million achieved in the prior year.
55% of the increase in net sales is due to acquisitions: In 2005 Precious Woods acquired a majority share of the wood chip fired power plant Precious Woods Energia as well as the business activities of its Dutch trading partner, A. van den Berg, now Precious Woods Europe. The remaining sales increase is due to the growth of existing operations and the sale of emission rights - a new business launched in 2006.
The complete annual report including figures on profit will be published at the end of April.
Precious Woods (SWX: PRWN) is active in the reforestation and sustainable management of tropical forests, downstream wood processing and trading of FSC certified timber and non timber forest products. The shares of Precious Woods have been listed on the SWX Swiss Exchange since March 2002. More information about the Company and its activities may be found on the website www.preciouswoods.com.
end of announcement euro adhoc 17.01.2007 06:00:00 --------------------------------------------------------------------------------
ots Originaltext: Precious Woods Holding AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note: Kontakt: Precious Woods Holding AG, Zug Dr. Theodor Scheidegger, CFO Tel. 41 1 245 80 10 mailto: office@preciouswoods.com
