YORK TIMBER HOLDINGS LIMITED - Trading statement and trading update

York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1916/004890/06)
Share code: YRK
ISIN: ZAE000133450
('York' or the 'Company' or the 'Group')

TRADING STATEMENT AND TRADING UPDATE


York is in the process of finalising its results for the year

ended 30 June 2023 ('Current Period') for release on or about
29 September 2023.


In terms of paragraph 3.4(b) of the Listings Requirements of

the JSE Limited, companies are required to publish a trading

statement as soon as they are satisfied that a reasonable

degree of certainty exists that the financial results for the

period to be reported upon next will differ by at least 20%
from the previous corresponding period.


Profitability for the Current Period has been impacted by

price increases in external logs purchased and operational

costs which could not be recovered in selling prices.

Operational challenges negatively impacted the results for
the Current Period.


York's strategy to increase the clear-fell age of its

plantations resulted in reduced harvesting from its own

plantations. This required an increase in external log

purchases where prices have increased significantly despite
a reduction in lumber selling prices.


Shareholders are advised that, for the Current Period, York

expects to report a loss per share and headline loss per share

in terms of which both earnings per share ('EPS') and headline

earnings per share ('HEPS'), are expected to decrease by at

least 90 cents from 26.00 cents* for the year ended

30 June 2022('Prior Comparative Period'), respectively.


* The Prior Comparative Period figures were restated for,

inter alia, the issue of York ordinary shares pursuant to the

York rights offer implemented in January 2023 at a discount

to the York prevailing market share price, which resulted in

the Prior Comparative Period weighted average number of

ordinary shares used for, inter alia, the EPS and HEPS

calculations being retrospectively adjusted in terms of
International Accounting Standards (IAS) 33.


A detailed assessment and impact of the restatements to the

Prior Comparative Period figures, including the above

restatement, will be included in the results for the Current
Period.


A further trading statement will be published as soon as there

is a reasonable degree of certainty as to the likely range

within which the Company's HEPS and EPS is expected to
decrease.


Shareholders are advised that the information included in

this announcement has not been reviewed or reported on by the

Company's auditors and is the responsibility of the directors
of the Company.


Sabie, Mpumalanga
15 September 2023

Sponsor
One Capital

Date: 15-09-2023 10:56:00

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