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Precious Woods books 11.7% decline in turnover

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Published in issue 37/2015
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The Swiss tropical timber group Precious Woods Holding (PW), based in Zug, encountered an 11.7% drop in first-half turnover to USD22.6m (Jan.-June 2014: 25.6m) caused by negative exchange rate effects. However, revenues grew by 5.1% at constant exchange rates. EBITDA shot up to USD2.9m (0.3m), while EBIT made a return ...

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