Sydney - Tuesday - November 11: (RWE Aust Business News)...

Sydney - Tuesday - November 11: (RWE Aust Business News) -
Timbercorp (ASX:TIM) expects a net profit of $40 million to $44m in 2008
as a result of raising a one-off provision of $19m, pre-tax, relating to
the 2004 and 2005 table grape projects.
The 2008 result will be release on November 27.
In 2004 and 2005 Timbercorp offered table grape projects for 412
hectares.
Over the past two years Timbercorp has removed and replaced most
of the initial varieties planted to improve the performance of the
assets.
Until the new varieties produce near mature crops the directors
have taken a conservative view of cash flows and hence raised the
provision.