InQueensland

NEWS •⁠ POLITICS •⁠ BUSINESS •⁠ CULTURE

Get InQueensland in your inbox Subscribe

Tamawood looks to the skies after enduring a year from hell

Business

Home builder Tamawood has survived everything thrown at it in the last year but has revealed rain could now be its biggest problem.

Print article

The Brisbane company has previously raised concerns about the labour shortage and the rising costs of materials, shortages and the Covid isolation rules but it said sales were strong and above expectations during the election campaign which was traditionally “a difficult period”.

The impact of rain, though has been significant. It said almost half of available work days in areas where it operates this year had already been hit by wet weather.

“This, combined with the impacts of Covid-19 isolation riles om external consultants, suppliers and sub-contractors, has severely impacted our ability to commence new builds and progress jobs already on site,” chairman Robert Lynch said.

“Unfortunately, recent reported forecasts from the Bureau of Meteorology … predict that there is a 60 per cent chance of above median rainfall for the next three months as the current La Nina wet weather event could be joined by another system which leads to increased rainfall,” chairman Robert Lynch said.

“If these forecasts eventuate work on sites will continue to be delayed and further reduce profit in 2022, which has already been impacted by weather and supply shortages.”

He said the impact could not be quantified until it actually happened.

“Tamawood remains profitable but 2022 results will be negatively impacted by the current and expected weather conditions.”

 

More Business stories

Loading next article