Oregon Group turns a profit on higher revenue and favourable carbon credit and forest asset valuations

Oregon Group's Ernslaw One subsidiary manages 95,000 hectares of trees in the North and South Islands. (Image: DepositPhotos)

Denise McNabb

Wed, 18 Dec 2024

Forestry and construction conglomerate Oregon Group turned the company’s $107.3 million loss last year into a $921,804 profit in the year to June 30 2024, buoyed by 14.5 % higher revenue of $605.52m and doubling the gain on the value of carbon credits from $25.19m previously to $50.37m.The company is New Zealand’s second-largest land owner in predominantly forests. Its Ernslaw One subsidiary manages 95,000 hectares of trees in the North and South Islands. Winston PulpThe group took a substantial hit on...

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