May 06, 2016. /Lesprom Network/. The Precious Woods Group achieved net sales of $44.4 million in 2015. This corresponds to an increase by 11% at constant exchange rates. Due to disadvantageous currency effects, however, the result in absolute terms was a decline in sales by 5.8%, as the company said in the press release received by Lesprom Network.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose significantly over the previous year to $6.9 million in the reporting year.

Earnings before interest and taxes (EBIT) rose by $5.2 million year-on-year to $1.1 million.

The net loss, which was still suffering from high capital costs and currency effects, was reduced significantly compared with the previous year ($-10.2 million) to $-4.7 million.

For 2016, Precious Woods expects higher production and sales volumes and a further improvement of the income situation.

Precious Woods is one of the leading companies in sustainable management of tropical forests globally.