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Woodbois Ltd - Africa-focused forestry, timber and afforestation company - Posts revenue of $23.1 million for 2022, up 32% from $17.5 million in 2021. Says increased levels of production at both factories in Gabon have resulted in a revenue increase of 32% to $23.1 million and a 69% rise in gross profit to $5.9 million. Swings to a pretax loss of $158,867 from a profit of $90,702 a year earlier. Looking ahead, expects revenue in the first half of 2023 to be lower than had previously been expected after a difficult first quarter in 2023. Chief Executive Officer Paul Dolan says: ‘Our financial and operational results for 2022 clearly point to the growth potential of the group, with an [earnings before interest, tax, depreciation and amortization] for the year of $3.3 million.’ Current stock price: 0.45 pence each, up 7.2% on Friday afternoon in London. 12-month change: down 93% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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