Sandalwood firm sticks to forecasts

Sandalwood firm sticks to forecasts

AAP Sandalwood plantation operator TFS Corporation has re-affirmed its expectation of a net profit of at least $90 million in the 2014/15 financial year. TFS said it would meet its earnings guidance after selling more than 1,500 hectares of new Indian sandalwood plantations during 2014/15. The new plantation sales were up on the sale of 1,477 hectares in the prior year, and in line with expectat…

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