Forest & Wood Products

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Teak Holz International AG to implement restructuring steps

Thursday, 18 Dec 2014 06:30am EST

Teak Holz International AG:Equity falls below value of half the share capital; Restructuring steps are to be implemented.

Akritas SA sells offices and production line in Bulgaria for 1.2 mln euros

Wednesday, 17 Dec 2014 08:06am EST

Akritas SA:Announces sale of office buildings and melamine production line of subsidiary Akritas Bulgaria. The buyer is a bulgarian businessman active in timber industry.Sale of fixed assets is estimated by independent source at 1.2 million euros.The sale is part of complete restructuring plan of the group. The decision is justified by recession in Bulgarian economy and employment rate of melamine plant that does not exceed 5 pct.

Masonite Africa Ltd gives FY 2014 earnings outlook

Monday, 15 Dec 2014 03:05am EST

Masonite Africa Ltd:Expects FY 2014 basic loss per share between 68 cents and 81 cents (2013: 501 cents – basic earnings).Expects FY 2014 headline loss per share between 77 cents and 92 cents (2013: 500 cents – headline earnings).Expects FY 2014 diluted basic loss per share between 77 cents and 92 cents (2013: 500 cents – basic earnings).Expects FY 2014 diluted headline loss per share between 77 cents and 92 cents (2013: 500 cents – headline earnings).Says the large decrease in earnings per share when compared to those reported for the previous corresponding period is mainly due to the explosion at the Mill in Estcourt and the finalisation of the business interruption insurance claim.

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