Mar 19, 2007. /Lesprom Network/. Sino-Forest revenues increased 47% in fourth quarter 2006 to $250.3 million and 31% for the year 2006 to $645.0 million. Net income rose 54% in fourth quarter to $42.5 million and 36% for the year to $111.5 million. Diluted earnings per share were up 53% to $0.30 in fourth quarter, 34% to $0.80 for the year. Revenue growth was strong in both the fourth quarter and full year 2006 primarily due to increased sales of standing timber and imported wood products, partly offset by a decrease in the sales of wood chips and logs. "2006 was both a challenging and exciting year for us as we seized opportunities to enter new markets by acquiring access to significant volumes of fibre, and as we continued to refine our strategy to adapt to changing market conditions," said Allen Chan, Sino-Forest's chairman and CEO. "With our experience and business relations in China's vast, evolving market, we managed to deliver record earnings to shareholders for the twelfth consecutive year." Sino-Forest Corporation, a Canadian company, is a leading commercial forestry plantations operator in China. The company started its operations in 1994 and is the first foreign and privately managed operator involved in forest products in China. Its principal businesses include the ownership and management of forestry plantation trees and sales of standing timber, wood chips and logs, and complementary manufacturing of downstream engineered-wood products.