Midway Limited is an Australia-based company, which is engaged in the production and export of wood fiber to producers of pulp, paper and associated products in Japan and China. The Company's segments include Midway, QCE and SWF. The Company's Midway segment sells hardwood and softwood chips to export markets, sells softwood logs domestically and provides plantation management services to third party tree owners. The Company's QCE segment sells hardwood and softwood chips to export markets. The Company's SWF segment sells hardwood chips to export markets. The Company also owns a processing and export facility in Geelong, and has interests in processing and export facilities in Portland and Brisbane. The Company produces hardwood and softwood woodchips from logs acquired from private plantation owners in Victoria, South Australia, New South Wales and Queensland, and exports those woodchips from facilities in the ports of Geelong, Portland and Brisbane.

Sales Analysis. During the year ended June of 2019, sales at Midway Ltd were A$283.65 million (US$169.04 million). This is an increase of 22.3% versus 2018, when the company's sales were A$231.91 million. This was the fifth consecutive year of sales increases at Midway Ltd (and since 2014, sales have increased a total of 203%).