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Business Summary: Woodbois Ltd is engaged in the business of forestry and timber trading. The Company operates machinery in the forms of harvesting, sawmill and veneer equipment. Its operating divisions includes forestry, trading and head office. The Company is focused on agriculture and forestry through its operations in Gabon, Mozambique, Denmark. Its products include lumber, veneer and blockboard. Its sawn lumber is used for a variety of purposes including doors, windows and frames, decking, flooring, housing construction, railway sleepers, cabinet making, furniture and interior finishes. Its veneers are used in the production of plywood for the construction and boat-building industries. Its blockboard is used within Africa in the construction space.
Financial Summary: BRIEF: For the six months ended 30 June 2021, Woodbois Ltdrevenues decreased 4% to $8.2M. Net loss beforeextraordinary items decreased 78% to $934K. Revenuesreflect Trading segment decrease of 23% to $4.8M. Lower netloss reflects Forestry segment income totaling $70K vs.loss of $1.6M.