QIN - Quintis [formerly TFC - TFS Corp] Sandalwood

[stolwyk]

Increases profit by 60%.


http://sa.iguana2.com/cache/fa8fa1e6...TFC-373426.pdf

Media: http://sa.iguana2.com/cache/87517023...TFC-373427.pdf

Extracts:
Increase in div to 3.4 cents for 2007 (+62%).

Extracts:
"Albert Vieille Collaboration Agreement
On 14 June 2007, TFS announced that it had concluded a Collaboration Agreement with Albert Vieille SA, a French-based essential oils and extracts company supplying the fine fragrance industry with a range of natural ingredients. Under this agreement, Albert Vieille will provide technical assistance to TFS in the establishment of a pilot processing and distillation facility at Kununurra, and will have the right to purchase 25% of the santalum album oil produced by TFS, up to a maximum of 10 tonnes per annum.

Albert Vieille is conducting trials with TFS on its trees, which will completed by the end of calendar 2007. These trials will assist in determining whether the current projected initial harvest date of 2012 can be brought forward".


“The outlook for the company is very positive, as we build on the strong performance of FY07 and capitalise on the initiatives undertaken during the year,” said Mr Wilson. “TFS remains well-placed to significantly increase its earnings over both the short and longer term, through the expansion of plantations, higher MIS sales and the progressive transformation into a vertically integrated producer.”

Reported earnings for FY08 will again be heavily skewed towards the second half of the year, when the bulk of new product sales are concluded. TFS’s current expectation is for total sales of at least 650 hectares, an increase of over 16% on FY07".

"Land Bank
On 3 November 2006, TFS announced the acquisition of Kingston Rest, a property situated 66 kilometres south of Kununurra, for $18.05 million. This property comprises a 3,000 hectare dam and 3,600 hectares of land, of which 2,400 hectares are suitable for Indian Sandalwood cultivation.

The acquisition materially increases TFS’s available land bank, which now stands at approximately 3,200 hectares and is sufficient to cover anticipated plantings through to 2011".