TFS Corp growing on the right path

There is growing confidence that TFS Corporation (TFC) is finally turning a corner after its latest market update sent the stock climbing 2 cents, or 4.2% to 50 cents in early trade.

There is growing confidence that TFS Corporation (TFC) is finally turning a corner after its latest market update sent the stock climbing 2 cents, or 4.2% to 50 cents in early trade.

The Indian sandalwood plantation company said total sales surged 132% to 1614 hectares in 2012-13 and that it was confident of hitting its cash earnings before interest, tax, depreciation and amortisation (EBITDA) target of at least $35 million.

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