Nov 08, 2005. /Lesprom Network/. Sino-Forest Corporation revenue increased 52% in third quarter 2005; 61% year-to-date; EBITDA more than doubled to $72 million in third quarter, and $160 million year-to-date; net income rose 137% in third quarter; 66% year-to-date; third quarter diluted earnings per share more than doubled to $0.24 compared to $0.11 in 2004.

  In millions dollar, except per share amounts                               

 

3Q 2005

3Q 2004

Change, %

Revenue

144.4

$94.7

52

Gross profit

$45.7

$32.5

40

Net income 

$33.2

$14.0

137

Diluted earnings per share 

$0.24

$0.11

118

Commenting on the results, Sino-Forest's chairman and CEO Allen Chan said, "We are very pleased to report record high results since inception as we remains on track in accessing and acquiring wood fibre in strategic markets where wood deficit remains high. The underlying fundamentals in our markets are very robust as we continue to acquire and sell standing timber from the Heyuan Undertaking and other plantations."

Sino-Forest Corporation is the first foreign-owned integrated forest products company in the People's Republic of China. A Canadian corporation, publicly listed on the Toronto Stock Exchange with its principal office in Hong Kong, Sino-Forest is owned by Canadian, US, European and Hong Kong investors.