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greenheart group ltd (94) Details

Greenheart Group Limited, an investment holding company, is engaged in log harvesting and timber processing activities. The company operates in three segments: New Zealand, Suriname, and Elsewhere. It offers softwood products, including radiata pine logs used as sawn timber, and plywood and veneer; and hardwood products used for furniture, flooring, decking, interior decoration, and outdoor construction. As of December 31, 2013, the company managed radiata pine plantation forest having a total freehold title land base of approximately 13,000 hectares in Northland region of New Zealand, as well as operated and managed approximately 322,000 hectares of hardwood forest concessions in Suriname, South America. The company also markets and sells logs and timber products. In addition, it is engaged in the provision of administrative and management services; administration of forestry operations; and manufacture and sale of pallets. Greenheart Group Limited operates in Mainland China, India, New Zealand, Suriname, Belgium, the Netherlands, Hong Kong, the United Kingdom, Singapore, and Denmark. The company is headquartered in Wanchai, Hong Kong. Greenheart Group Limited is a subsidiary of Sino-Capital Global Inc.

437 Employees
Last Reported Date: 08/29/14
Founded in 1991

greenheart group ltd (94) Top Compensated Officers

Interim Chief Executive Officer and Executive...
Total Annual Compensation: --
Deputy Chief Executive Officer and Executive ...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

greenheart group ltd (94) Key Developments

Greenheart Group Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Greenheart Group Limited announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported revenue of HKD 354,167,000 compared with HKD 318,978,000 for the same period a year ago. Loss before taxation was HKD 188,644,000 compared with HKD 26,414,000 for the same period a year ago. Loss for the period was HKD 157,482,000 compared with HKD 46,725,000 for the same period a year ago. Loss attributable to equity holders of the company was HKD 127,074,000 or HKD 0.161 per basic and diluted share compared with HKD 24,858,000 or HKD 0.032 per basic and diluted share for the same period a year ago. The Group's financial performance was further impacted by the operating loss recorded by the Suriname division. Despite the revenue of Suriname division increasing by 44.2% to HKD 41,282,000, the division's operating loss (before impairment of goodwill) increased by HKD 31,736,000 to HKD 72,221,000 for the period. The growth in Revenue was mainly contributed by the New Zealand division as a result of the high export selling prices to China during the first four months of 2014 and a further improvement in sales of the Suriname division. The EBITDA of the Group for the period decreased by HKD 143,338,000 from HKD 69,232,000 in the same period last year to a LBITDA of HKD 74,106,000 for the period.

Greenheart Group Limited to Report First Half, 2014 Results on Aug 29, 2014

Greenheart Group Limited announced that they will report first half, 2014 results on Aug 29, 2014

Greenheart Group Limited, Board Meeting, Aug 29, 2014

Greenheart Group Limited, Board Meeting, Aug 29, 2014. Agenda: To consider and approve the unaudited consolidated interim results of the company and its subsidiaries for the six months ended 30 June 2014 and the publication thereof; and to transact any other business.

 

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