Nordic Business Report-April 27, 2006-Sveaskog reports Q1 operating result of SEK308m
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The Swedish forest group Sveaskog issued its first quarter report on Thursday (27 April), posting an operating profit of SEK308m, as compared to a loss of SEK147m in the first quarter of 2005.
The result for the first quarter of last year was burdened by storm-related costs.
The net turnover amounted to SEK1,544m, as compared to SEK1,480m in the first quarter last year.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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