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Obtala Ltd 'progressing well' with record sawn timber production

Miles Pelham, chairman of Obtala Limited (LON:OBT), tells Proactive Investors they produced a record amount of sawn timber in the last three months.

Output from its Gabon sawmill was 3,800 cubic metres with June’s average 30% higher than the first three months of the year.

Pelham adds their new veneer factory in Gabon is expected to start production this month and this should be the group’s highest margin product.

 

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