Scion announces positive financial resultA strengthening of research and commercial partnerships has helped New Zealand's Crown Research Institute, Scion, post a $2.3 million net profit, with a $1.5 million dividend heading back to the government. The profit for the year ending June was up from $1.1 million in 2008, with total revenue up 5.4% to $43.97 million.Scion chairman Dr Russ Ballard said the year has seen improved results for Scion, in terms of scientific achievements, financial performance, and reinforcement of the company's strategic direction. He said this was "particularly gratifying" when viewed against the background of local and global economic uncertainty. Members of the NZ forestry sector have applauded the strong performance. Future Forests Research Chair Phil Taylor says that Scion's success as an organisation is extremely positive, because a strong, vibrant and well-focused forestry CRI is critically important to the industry. "Forest growers in New Zealand are well served by Scion as our key research provider, and we should not forget that their success is our success". More >> |
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