Hard times ahead for wood firm
Scottish timber processor BSW Timber has warned of challenging conditions ahead following a 68% drop in pre-tax profits.
The firm, which is based at Earlston in the Borders, reported pre-tax profits of £2.2million for the year ending 31 March 2013, down from £6.8million previously.
Operating profits at the UK’s largest sawmilling business were also hit, decreasing by 60% to £3million, from £7.6million previously.
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