Rougier reported annual net profit of Euro 4.4 million
Apr 12, 2012. Rougier is releasing its full-year earnings for 2011, with Euro 5.3 million in EBIT and a net profit of Euro 4.4 million. These results have been combined with a further strengthening of the Group's financial structure, increasing its shareholders’ equity by Euro 25.6 million.
Apr 12, 2012. /Lesprom Network/. Rougier is releasing its full-year earnings for 2011, with Euro 5.3 million in EBIT and a net profit of Euro 4.4 million. These results have been combined with a further strengthening of the Group's financial structure, increasing its shareholders’ equity by Euro 25.6 million. Full-year revenues came to Euro 147.1 million, up 6.1% in relation to 2010, thanks to the good performances achieved across all the business lines, as the company said in a press release received by Lesprom Network.
The Rougier Africa International branch recorded Euro 115.4 million in revenues, an increase of 6.4% in relation to 2010, set against a good level of markets globally, and despite contrasting economic environments between the countries.
The France Import-Distribution segment generated Euro 38.9 million in revenues, coming in 3.7% higher than 2010, driven by the diversification of the offering in terms of timber species and geographical origins.
EBIT totaled Euro 5.3 million, representing 3.6% of consolidated revenues, compared with 4.6% the previous year. EBIT for 2011 includes Euro 1.6 million in reversals of asset impairments following the revision of asset values in accordance with IFRS, compared with a Euro 2 million reversal the previous year.
The Board of Directors will be submitting a proposal at the General Meeting on 6 June 2012 for a dividend of Euro 1.00 per share (+43% in relation to 2010), to be paid out on 13 June 2012.
Rougier Group is a market leader for certified African tropical timber. The Group operates around three activities: Rougier Afrique International (natural forest harvesting, industrial processing and international trade), Lignafrica (research, management and investment in industrial forest plantations in Africa), Rougier Sylvaco and Rougier Panneaux (importing and distribution in France of timber from all origins).