State Forests of Czechia increased profits by 13 percent to CZK 4.4 billion

The state-owned enterprise Forests of the Czech Republic (Lesy České republiky, LČR) increased its gross profit by 13 percent year-on-year to 4.36 billion Czech crowns in the first three quarters of this year. The profit growth was positively influenced by higher revenues from timber, as the company increased logging by five percent to 6.2 million cubic meters. Revenues from its own products and services rose by a tenth to 12.04 billion Czech crowns. This was stated on Tuesday by Eva Jouklová, spokeswoman for the state-owned enterprise, to the Czech News Agency (ČTK). Forests of the Czech Republic manage nearly half of the country’s forests.