May 12, 2010. /Lesprom Network/. Sino-Forest Corporation's 1Q revenue increased 41.6% from $177.2 million in the three months ended March 31, 2009 to $251.0 million in the same period in 2010, company said in a statement received by Lesprom Network. The company reported an 86% rise in 1Q profit on higher revenues from demand for wood fibre in China. For the period ended March 31, the company picked up $42.8 million, compared with $23 million in the 1Q 2009. Allen Chan, Chairman and CEO of Sino-Forest, said, "At the macro-economic level, the Chinese Central Government launched some measures in the beginning of the year to tighten credit lending in order to reduce the risks of speculation and over-heating of property prices, and to slow down new infrastructure investment. However, the Chinese government still intends to build 5.2 million affordable housing units by 2011." Mr Chan continued, "We are pleased to report strong profits for the first three months of 2010 as we see domestic demand for wood fibre remains for household products and the construction sector. We anticipate that log prices will continue to rebound, especially with the Chinese government's commitment to construct low-income housing." Sino-Forest operates forest plantations in China, while also selling timber, logs and other wood products.