| |
Profit Growth
- Evergreen recorded a six month operating surplus of $3.5 million, compared with $2.1 million for the corresponding period last year.
Market Conditions
- Markets are at cyclically low levels but there has been steady demand for Evergreen's high value pruned logs.
Investors
- Two European institutional investors became substantial security holders over the past six months.
|
FINANCIAL SUMMARY
|
|
IN $NZ 000íS
(UNLESS OTHERWISE STATED)
|
31 Dec 2000
(6 Months)
Un-Audited
|
31 Dec 1999
(6 Months)
Un-Audited
|
30 Jun 2000
(12 Months)
Audited
|
|
Operating revenue
|
17,266
|
5,973
|
19,606
|
|
Net operating surplus
|
3,532
|
2,107
|
5,152
|
|
Equity
|
107,965
|
101,388
|
104,433
|
|
Shares on issue
(number in 000ís)
|
131,434
|
131,434
|
131,434
|
|
Convertible notes on issue
(number in 000ís)
|
28,500
|
28,500
|
28,500
|
|
Land at cost
|
27,090
|
27,090
|
27,090
|
|
Forest at cost
|
144,637
|
137,034
|
140,030
|
|
Net asset backing per share at historical cost
|
$0.82
|
$0.77
|
$0.79
|
All financial information is in New Zealand dollars, unless otherwise stated. At 31 December 2000, the rounded conversion rate was $NZ1.00 = $US0.4395.
Return to Annual Reports
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