Coillte’s turnover increases to €275m

Profits at commercial semi-state forestry company Coillte increased by nearly 70% last year.

The company’s turnover was also up on the previous year, from €262m in 2012 to €275m. The increase was largely the result of increased sales volume and panel board prices.

Acting CEO Gerry Britchfield said that the recovering UK market aided profits in the second half of the year.