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Nature Wood(NWGL) - 2023 Q4 - Annual Report
2024-04-25 21:16
[FORM 6-K Filing Details](index=1&type=section&id=FORM%206-K%20Filing%20Details) This section provides details on the registrant, Nature Wood Group Limited, and the specifics of its Form 6-K filing [Registrant Information](index=1&type=section&id=Registrant%20Information) This section identifies Nature Wood Group Limited as the registrant, detailing its principal executive offices and foreign private issuer status - The registrant is **Nature Wood Group Limited**, a foreign private issuer[1](index=1&type=chunk) - The company's principal executive offices are located at Avenida da Amizade no. 1287, Chong Fok Centro Comercial, 13 E, Macau S.A.R[1](index=1&type=chunk) - The filing is a Form 6-K, used for reports of foreign private issuers[1](index=1&type=chunk) [Annual Report Filing Status](index=1&type=section&id=Annual%20Report%20Filing%20Status) This part clarifies the specific annual report form Nature Wood Group Limited uses and confirms the electronic submission method - Nature Wood Group Limited files annual reports under **Form 20-F**[1](index=1&type=chunk) - The registrant is not submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) or 101(b)(7)[2](index=2&type=chunk) [Exhibits Index](index=2&type=section&id=Exhibits%20Index) This section lists the exhibits accompanying the Form 6-K filing, primarily a press release on full-year financial results [Exhibit 99.1: Press Release](index=2&type=section&id=Exhibit%2099.1%3A%20Press%20Release) This section details the primary exhibit, a press release announcing the company's full-year financial results for 2023 - Exhibit 99.1 is a press release dated **April 25, 2024**[4](index=4&type=chunk) - The press release announces Nature Wood Group Limited's **2023 Full Year Results**[4](index=4&type=chunk) [Signatures](index=3&type=section&id=Signatures) This section confirms the official authorization and signing of the Form 6-K report by an authorized representative [Authorization and Date](index=3&type=section&id=Authorization%20and%20Date) This section confirms the official authorization and signing of the Form 6-K report by an authorized representative - The report was duly caused to be signed on behalf of **Nature Wood Group Limited**[6](index=6&type=chunk) - Signed by **Hok Pan Se, Director**, on **April 25, 2024**[7](index=7&type=chunk)
Nature Wood Group Limited Announces Preliminary Full Year 2023 Financial Results
Prnewswire· 2024-02-14 14:00
Financial Overview - Nature Wood Group Limited reported total sales of $25.4 million for 2023, down from $55.3 million in 2022, indicating a significant decline in revenue [2] - The company anticipates a loss of $5.2 million for the year, contrasting with an income of $5.2 million in the previous year, primarily due to the global economic downturn and geopolitical tensions, particularly the ongoing Russian-Ukrainian war [2] Performance Insights - The decline in revenue and shift to a loss position reflect persistent global challenges, but the company has implemented aggressive cost-cutting measures to streamline operations [3] Strategic Initiatives and Future Outlook - Nature Wood is focused on identifying new opportunities, especially in the carbon credit market, which is seen as a promising avenue for high-profit margins [4] - The company is optimistic about the potential of the carbon credit market to contribute significantly to future growth [4] CEO's Statement - The CEO expressed confidence that the most challenging times are behind the company, highlighting the aggressive cost-cutting measures and strategic focus on high-margin opportunities as key to anticipated growth and profitability in 2024 [5] Company Background - Nature Wood Group Limited is a leading vertically-integrated forestry company involved in FSC business operations, covering both upstream forest management and downstream wood processing and distribution [6] - The company is one of the largest exporters of wood products in Peru, with approximately 615,333 hectares of forest concessions as of June 30, 2023, and holds significant positions in various wood product export categories [6]