Oregon Group expects record 2018 on forest products, land development

Tue, 31 Oct 2017

By Jonathan Underhill Oct. 31 (BusinessDesk) - Oregon Group, which manages a New Zealand portfolio of businesses for Malaysia's Tiong family, expects record earnings in 2018 on rising prices for forest products and the completion of apartments in its land development unit. Net profit fell to $41 million in the year ended June 30 from $95 million a year earlier, but managing director Thomas Song said that masks the underlying performance of the company. That's because income in 2016 was boosted by a $124 million gain on the value of its fo...

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