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Kangaroo Island Plantation Timbers' Keith Lamb updates on insurance payouts

Kangaroo Island Plantation Timbers Ltd's (ASX:KPT) Keith Lamb tells Proactive they've received a further insurance payout in the wake of the summer bushfires.

He says $4.2 million has been received to cover the replacement cost of fire-damaged houses.

The fires in December 2019 and January 2020 impacted 95 per cent of KPT’s hardwood and softwood plantations on the island.

Quick facts: Kangaroo Island Plantation Timbers Ltd

Price: 0.83 AUD

ASX:KPT
Market: ASX
Market Cap: $46.86 m
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