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Kangaroo Island Plantation Timbers' Keith Lamb updates on insurance payouts

Kangaroo Island Plantation Timbers Ltd's (ASX:KPT) Keith Lamb tells Proactive they've received a further insurance payout in the wake of the summer bushfires.

He says $4.2 million has been received to cover the replacement cost of fire-damaged houses.

The fires in December 2019 and January 2020 impacted 95 per cent of KPT’s hardwood and softwood plantations on the island.

Quick facts: Kangaroo Island Plantation Timbers Ltd

Price: 0.865 AUD

ASX:KPT
Market: ASX
Market Cap: $48.81 m
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Kangaroo Island Plantation Timbers enters new growth phase with board changes

Kangaroo Island Plantation Timbers (ASX:KPT) executive director John Sergeant updates Proactive Investors on the company’s plans with new managing director Keith Lamb on board.   The transition comes at a time when the share price is rising and the company has pledged to produce...

on 19/6/19

2 min read