Forestry company Lesy ČR reports drop in profit due to bark beetle infestation

The state enterprise Lesy ČR saw its net profit drop by 24 percent from CZK 5.03 billion to CZK 3.84 billion in 2022, according to a financial report made public on Monday. The main reason for the drop in profit was a reduction in timber harvesting in the wake of a severe bark beetle calamity. The  company’s main goal now is reforestation. Lesy ČR, which has 3,800 employees, manages almost half of the forests in the Czech Republic.