Tuesday, 23 July 2013
Kareliya: wood industry suffers losses
Increase in production in logging and woodworking branches doesn't affect their financial result – losses comprise 2 billion rubles.
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Despite logging growth in Karelia in the first half of the year, following the results of
January/May the losses exceeded 141 million rubles. According to Rosstat, only
40% of logging enterprises work with profit in the republic.
In woodworking branch, where increase in production is also noted, losses in
January/May reached nearly 285 million rubles. A share of profitable
enterprises in this branch is only 35,7%.
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