RMK Supervisory Board approved the preceding annual report 21.02

The Supervisory Board gathered today and approved RMK’s annual report for 2010. According to the specified data, RMK’s turnover for the previous year amounted to EUR 116.2 million (EEK 1.8 billion) and its profit was EUR 26.7 million (EEK 417.8 million).

Compared to the previous year, the turnover increased by 31 per cent and the profit rose nearly three times. According to the State Budget Act, RMK shall pay EUR 12.8 million (EEK 200 million) to the state budget as dividends out of its profit.

This year, RMK plans to sell 2.8 million cubic metres of timber similarly to the previous year. “Since prices for raw materials have increased, the turnover prognosis of 2011 is EUR 128.9 million,” Aigar Kallas, Chairman of the RMK Management Board said. “The estimated profit is EUR 27 million.”

RMK is a profit-making state agency established under the Forest Act and its main function is economical and efficient management of the state forest. RMK grows forest renewal material, organises forest works, deals with the sale of forest and timber and organises the care of game. In addition to that, RMK creates hiking and forest recreation opportunities at its recreation areas, Estonia’s five national parks and nearly 40 other reserves, and shapes people's knowledge of nature. RMK manages 38% of Estonia’s forests.

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