%0 Article
%T Profitability of forestry in jointly-owned forests of Northeastern Finland and Lapland.
%A Penttinen, Markku
%A Kinnunen, Matti
%D 1992
%J Silva Fennica
%V 26
%N 4
%R doi:10.14214/sf.a15650
%U https://silvafennica.fi/article/5489
%X <p>The profitability of jointly owned forest holdings in the two northernmost forest board districts of Finland was studied by means of ratio analysis. A time series of profit and loss statements and balance sheets from 33 holdings covering the fiscal years ending 1981–1990 served as the database. The studied area was 348,038 ha, the allowable cut 304,300 m<sup>3</sup> per year and the average turnover, deflated by the wholesale price index, FIM 57.6 million per year. The key result obtained was that the average annual profit was FIM 107 per hectare and FIM 110 per m<sup>3</sup>. The time series showed that the ratios had increased significantly over the calculation period.</p>
<p>The PDF includes an abstract in Finnish.</p>