Woodbois shares jump on plans to exit Mozambique
13th Mar 2024 11:46
(Alliance News) - Woodbois Ltd shares rose on Wednesday, after it announced plans to exit Mozambique and focus on its core business in Gabon. Read More
(Alliance News) - Woodbois Ltd shares rose on Wednesday, after it announced plans to exit Mozambique and focus on its core business in Gabon. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Woodbois Ltd - Guernsey-based maker of sustainable timber products - Agrees two injections of fresh funds, which it will use to step-up production in Gabon in a drive to profitability this year. Woodbois signs the term sheet for a USD5 million trade finance facility that it first announced late in December. The amount is higher than the USD3.5 million originally announced. Woodbois says the trade facility will be used to start a second shift at the Mouila sawmill in Gabon and to increase veneer production. Read More
(Alliance News) - Woodbois Ltd on Friday said its chief executive officer has resigned immediately, as it integrates the roles of CEO and chair. Read More
(Alliance News) - Woodbois Ltd on Friday said it had appointed a new chair amid efforts to reposition itself "as an attractive investment". Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The FTSE 100 was outperforming its European peers around midday on Wednesday, amid news that eurozone economic sentiment deteriorated in August. Read More
(Alliance News) - Woodbois Ltd on Wednesday noted the movement in its share price as the stock suddenly plunged after a military coup was declared in Gabon. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Woodbois Ltd on Wednesday said it raised GBP6 million through a subscription of Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Woodbois Ltd - Africa-focused forestry, timber and afforestation company - Posts revenue of USD23.1 million for 2022, up 32% from USD17.5 million in 2021. Says increased levels of production at both factories in Gabon have resulted in a revenue increase of 32% to USD23.1 million and a 69% rise in gross profit to USD5.9 million. Swings to a pretax loss of USD158,867 from a profit of USD90,702 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. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Premier Miton Group PLC sold its stake in Woodbois Ltd on Wednesday, in the wake of the forestry, timber and afforestation company announcing its lender is terminating a debt facility. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Woodbois Ltd shares plunged on Wednesday, after it said its lender, Sydbank AS, is terminating the USD6 million debt facility of its wholly-owner subsidiary Woodgroup ApS. Read More
(Alliance News) - Stock prices in London opened lower on Wednesday, as a hotter-than-expected UK inflation print all but sealed the deal on another interest rate hike from the Bank of England. Read More
Woodbois Ltd - Guernsey-based sustainable wood manufacturing company operating in Africa - Provides quarterly operational and financial update. Reports first quarter own production sales of USD3.0 million against USD2.75 million in the same quarter in 2022. Expects total revenue for full year 2023 to exceed 2022 with the focus on margin and profitability. Says first quarter gross profit margin of 25% was in line with 2022. Expects to deliver further growth in profitability and to achieve positive operational cash flow during 2023. Mandates a real estate broker in Gabon to explore the potential for a sale and lease-back of 14 hectares of real-estate production sites in Mouila, Gabon, valued independently at USD15 million in May 2021. Read More