NEUMARKT, GERMANY — Wood supplier Pfleiderer AG announced that full-year profits for 2007 rose 19% on lower taxes. Profit after tax from continuing operations advanced to $117.3 million, while the tax rate fell to 12% due to deferred tax income and losses carried forward. The company’s profit has been eroded by costs to integrate flooring maker, Pergo, but sales advanced 27%. The company expects 2008 1Q results to be better than those the company experienced in the1Q of 2007.  Read more.

Have something to say? Share your thoughts with us in the comments below.