Border Timbers on the rebound

By Ndafadza Madanha

BORDER Timbers says production is up 16 percent for the five months ending November 2017 buoyed by improved and stable log supply.
Finance director Lysius Karimanzira said demand for the company products had resulted in a 31 percent increase of turnover.
“Performance for the five months to November 2017 is very encouraging the company is on a positive trajectory and we believe the trend will continue. Demand for the company’s two main products namely Poles and Lumber remains very strong in the region.
Production volume is 16 percent higher than same period last year, mainly driven by improved and stabilized log supply as a result of extensive marketing effort as well as increased reputation of the company as a reliable supplier of high quality lumber and poles. Our pole order book remains full through to the end of the financial year.
Turnover is 31 percent higher than the same period last year, driven mainly by higher sales volume as well as focusing more on markets and products with better selling prices,” said Karimanzira.
He said earnings before tax was positive compared to a loss position in the prior period owing to rigorous approach in managing costs along the production chain.
He said management will continue to focus on improving efficiencies and plant capacity utilization. nce director Lysius Karimanzira said demand for the company products had resulted in a 31 percent increase of turnover.
“Performance for the five months to November 2017 is very encouraging the company is on a positive trajectory and we believe the trend will continue. Demand for the company’s two main products namely Poles and Lumber remains very strong in the region.
Production volume is 16 percent higher than same period last year, mainly driven by improved and stabilized log supply as a result of extensive marketing effort as well as increased reputation of the company as a reliable supplier of high quality lumber and poles. Our pole order book remains full through to the end of the financial year.
Turnover is 31 percent higher than the same period last year, driven mainly by higher sales volume as well as focusing more on markets and products with better selling prices,” said Karimanzira.
He said earnings before tax was positive compared to a loss position in the prior period owing to rigorous approach in managing costs along the production chain.
He said management will continue to focus on improving efficiencies and plant capacity utilization.

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