Greenheart decreased Adjusted EBITDA margin to 21.3% in 1H2017

Greenheart Group reported 16.7% increase of revenues and 3.7% increase of Adjusted EBITDA in 1Q2017 y-o-y. According to the announcement, the company’s revenues accounted for HKD 266,9 million (USD 34 million), generating Adjusted EBITDA of HKD 56,9 million in the period (21.3% margin vs 24% in the same period of 2016).

Earlier Greenheart completed subscription of new shares by China Forestry.

About Greenheart Group Limited:

The group is an indirect subsidiary of Chow Tai Fook Enterprises Limited. It is one of the few enterprises in Hong Kong that attains internationally recognized forest management certification for its forest operation. It is also one of the largest radiata pine exporters in Northland region, New Zealand and the largest forestry company in Suriname. Greenheart develops its business worldwide, covering China, East-southern Asia, US, Europe, South America and Middle-East regions.

Source: Woodbizforum