During the first half of the year, the State Forest Management Center earned a net profit of 14.4 million euros, doubling last year's yield for the same period.
The agency sold 1.26 million cubic meters of timber for a total of 55.8 million euros, with the average price per cubit meter rising to 44.06 euros – up 17 percent since last year.
The forestry center also sold 150,000 cubic meters of wood chips, which brought in around 5.5 million euros.
"This spring the State Forest Management Center had planted a record number of trees – 13 million, which is 3 million more than last year," said Chairman Aigar Kallas. Around 1,100 people were temporarily hired for the reforestation period, Kallas added.
At the end of the second half of the year, the total sales revenue is predicted to be 125 million euros and the net pro-fit should reach 27 million euros, according to estimates.
