Lesy ČR sees profits drop on low timber prices

The state run forestry company Lesy ČR has seen net profits tumble by around 30 percent to around 4.0 billion crowns this year. Company managers have blamed the steep drop on lower timber prices. They also say they have been forced to fell poor quality trees because of the ever present danger of bark beetle infestation. The state company owns around half the forests in the country. Last year it announced net profit of 5.4 billion crowns with a record 6.8 billion made in 2014.

Author: Chris Johnstone