State forester Lesy ČR’s profit down 38 pct in H1

The bark beetle infestation and drought contributed to a 38 per cent drop profit for state-owned forester Lesy ČR’s in the first half of 2018.

Lesy ČR, which own almost half of the country’s forests, recorded a 20 per cent decline in sales and noted a dramatic fall in prices on the central European market.

Author: Brian Kenety