Proteak's 3Q 2016 sales reached a total of MxP 161 million ($7.9 million), 2.3x higher than those registered during the 3Q 2015. The increase is a result in growth of MDF Tecnotabla boards that reached MxP 135 million ($6.6 million), 1.8x higher than the last quarter, as the company says in the press release received by Lesprom Network.
Teak sales decreased 39% compared to 3Q 2015, as a result of the transition from Colombian wood to Mexican wood. Nevertheless, during the quarter the exports of Mexican teak were strengthen and commercialization of teak from Costa Rica started with sales resulting 19% higher than the ones of 2Q 2016.
Net quarter income totalized MxP 203 million ($10 million), 70% more than the same quarter last year.
Proteak is a leading Mexican company in the international forestry sector.
