Evergreen Fibreboard Bhd's pre-tax profit decreased to RM4.3 million for the first quarter ended March 31, 2011, compared
to RM36.96 million in the same period last year.

Its pre-tax profit decreased due to the impact of the weakening US dollar and a drastic hike in log cost.

Revenue for the quarter also decreased by 2.2 per cent to RM233.56 million from the RM238.69 million previously.

'The decline in revenue was due to a lower sales volume which was the result of lower production,' it said in a filling to Bursa Malaysia today.

The company said it is confident of achieving a better result in the next quarter based on the current increase in MDF and Particle Board demand. -- Bernama