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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator.

Pattrick Smellie 2:00pm

Retail

Kathmandu recovery bright spot

KMD Brands declared earnings above previously stated guidance.

Gregor Thompson 1:35pm

Technology

StaplesVR launches $7m funding round to accelerate growth

The technology company has been growing organically for several years.

Greg Hurrell 1:10pm

StaplesVR launches $7m funding round to accelerate growth

Sponsored

“Extraordinary” uptake for Auckland’s new growth hub

63% of lots at Spedding Road precinct sold ahead of completion.

Spedding Road

Sponsored

Research shows AI-based attacks causing concern and senior leaders overestimating cybersecurity readiness

Research highlights from Datacom’s State of Cybersecurity Index show AI-based attacks are top of mind and senior leaders might be overestimating their organisations’ readiness to recover from cyber incidents.

Datacom