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Obtala Ltd 'progressing well' with record sawn timber production

Miles Pelham, chairman of Obtala Limited (LON:OBT), tells Proactive Investors they produced a record amount of sawn timber in the last three months.

Output from its Gabon sawmill was 3,800 cubic metres with June’s average 30% higher than the first three months of the year.

Pelham adds their new veneer factory in Gabon is expected to start production this month and this should be the group’s highest margin product.

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Price: 5.25 GBX

LSE:WBI
Market: LSE
Market Cap: £24.44 m
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Woodbois Limited targets further growth as revenues and gross profit increase

Woodbois Limited (LON:WBI) CEO Paul Dolan caught up with Proactive London's Andrew Scott on the back of the group's 2018 results. Revenues in the period jumped to US$13.4mln from US$7.9mln in 2017 while gross profits also increased to US$2.1mln from US$453,000. The results come after...

on 13/5/19

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