Metsäliitto Group, which includes the Finnforest business, has reported first-half operating profits of €250m (2009: €128m loss).

Chief executive Kari Jordan said the growth indicated Metsäliitto had weathered the worst of the recession in good shape and that improved market conditions suggested the third quarter would also return a favourable result.

The wood products division recorded operating profits of €11m, compared to a €35m loss a year ago, mainly due to a positive development in sawn timber prices. The division’s sales were slightly up on last year at €448m.