TFS Corporation Limited
(ASX:TFC) has seen sales soar by 132 per cent on year and says its on track to deliver full year cash EBITDA of at least $35 million.
The Indian Sandalwood plantation management and processing company says preparations have begun for the first commercial harvest during the first half of 2014.
Separately, the board has announced a strategic review which aimed at increasing the company’s exposure to directly owned assets.
As part of that review, the board has increased its sales team across Australia and further developed its international distribution channels.
The board says the long term market fundamentals for Indian sandalwood remain positive.
TFS generated a net profit of $4.8 million in the first half of fiscal 2013.
