Pulp and Paper Canada

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Sino-Forest reports record results


March 18, 2008
By Pulp & Paper Canada

TORONTO, ON – Sino-Forest Corporation announced today its annual and fourth quarter 2007 financial results. Dollar …

TORONTO, ON – Sino-Forest Corporation announced today its annual and fourth quarter 2007 financial results. Dollar amounts in this news release are in U.S. currency unless
otherwise indicated.

– Revenue increased 29% surpassing the $700-million milestone
– EBITDA jumped 54% in the year to $488 million, and by over 66% in Q4
– CFFO increased 83% to $483 million, and 122% in Q4
– After impairment charge of $21 million, net income rose 34% in 2007, and 11% in Q4
– After impairment charge diluted EPS increased 11% to $0.90, but decreased 15% to $0.26 in Q4

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www.sinoforest.com


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