Profits at Carter Holt Harvey rose five-fold in 2002 thanks to a healthy housing market and cost-cutting.
Net profits totalled NZ$137m compared with NZ$25m in 2001. Net sales of NZ$4.1bn were about the same as the previous year, with the wood products division notching up NZ$1.76bn.
The company is currently integrating the Tasmanian Starwood MDF mill it acquired last October.
