Kangaroo Island Plantation Timbers says about 90 per cent of its plantations on the South Australian island have been damaged by fires.
Shares in the $111 million grower of hardwood and softwood forestry plantations are currently voluntarily suspended from trade on the Australian Securities Exchange.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
