Jul 14, 2008. /Lesprom.com/. Finnforest parent company Metsäliitto Group has amended its 2008 profits forecast due to the poor market situation and high production costs, Timber Industry Magazine reported. The company’s stock market announcement said its operating profits excluding non-recurring items for 2008 would fall short of its 2007 profits. Metsäliitto said its financials were being depressed by higher than expected production costs, as well as the continuously weakening US dollar and UK pound and the poor sawn timber market. An earlier statement had predicted 2008 operating profits would exceed 2007. Metsäliitto is the large forest industry group. Its business areas include wood supply, wood products, pulp, board and paper and tissue and cooking paper.