Sustainable Timber Tasmania has achieved its first operational profit in 10 years demonstrating the sound management of the company under the Hodgman Majority Liberal Government.
An underlying net profit of $5.948 million has been delivered for the period
The company is also now debt-free and has delivered the State of Tasmania a $15 million special dividend.
STT’s operations and the forest production it generates make significant economic and social contributions including:
While these results are positive the Government is aware that challenges remain in rebuilding the forestry industry.
The Hodgman Majority Liberal Government has been working hard to turn things around since the Labor-Green disaster, and we are committed to ensuring the industry continues to grow.