Mastodawn

We've all been waiting for VicForests' Annual Report and, Happy Christmas, it's finally here.

I thought it would be a bad result for them, but it is much worse than I anticipated.

"VicForests returned a net loss from continuing operations after tax of $54.2 million (2021: $4.7 million)."

This is AFTER receiving $25 million from the Victorian Government.

It makes no economic sense to continue this industry any longer.