RMK’s half-year sales revenue and profit up year on year 22.07

In the first half of 2010, RMK’s sales revenue reached 763 million EEK and net profit 111 million EEK. RMK earned 98% of its sales revenue from the sale of felled timber.

Compared to the first half-year of 2009, RMK’s sales revenue has increased 31% and its profit 85%.

n the first six months this year, RMK sold 1.32 million cubic metres of felled timber, which is a fifth more than in the same period last year. Timber sales generated 750 million EEK of earnings, with the average sales price of felled timber settling at 567 EEK per cubic metre. The price of timber sold has risen 15% compared to the same period a year ago. In the first half-year, RMK earned 13 million EEK  of revenue from the sales of cutting rights to standing timber and from other activities.

In Q2 2010, RMK sold 615 000 cubic metres or 350 million EEK worth of felled timber and forest chips. In Q2, the average sales price settled at 569 EEK per cubic metre, an increase of only 1% compared to Q1.

To provide facilities for the utilisation of natural resources under the everyman's right and to promote awareness of nature amongst the population, RMK used 2.3 million EEK  in Q2 – a total of 5.1 million EEK in the first half-year. From hunting (sales of hunting packages, by-products of hunting and hunting permits), RMK earned 1 million EEK  of revenue during the same period – 2.5 million EEK  in the first half-year.

In the supplementary budget approved in April, RMK estimates its sales revenue in 2010 at 1.7 billion EEK and profit at 210 million EEK. It is planned to increase the volume of the cutting and sales of the state forest to a record of 2.8 million cubic metres. The year will see a significant increase in investments in nature conservation works. Also, the nursery industry will be developed, to ensure a sufficient supply of forest plants for the state forest.

RMK is a profit-making state agency established under the Forestry Act, aimed at the sustainable and efficient management of state forests.  RMK grows reforestation materials, organises forestry works and is engaged in the sale of forest and timber and the upkeep of wild animals.  In addition, RMK establishes opportunities for hiking in nature and forest recreation at recreational areas, in Estonia’s five national parks and 40 other protected areas, and it shapes awareness of nature. RMK manages 38% of Estonia’s forests.

Further information:

Aigar Kallas
Chairman, Management Board, RMK
Tel 676 7299, 528 1299
E-mail aigar.kallas@rmk.ee