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 2022 for release on or about 20 September 2022.


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.


Shareholders are advised that for the year ended 30 June 2022,

earnings per share ('EPS') is expected to decrease from 43*

cents to be between 8.20 cents and 11.28 cents (being a

decrease of between 81% and 74%), and headline earnings per

share is expected to decrease from 42* cents to be between

8.39 cents and 11.40 cents (being a decrease of between 80%
and 73%).

Furthermore, Shareholders are advised that:


-   Core earnings per share (based on EPS attributable to

    ordinary shareholders less the fair value adjustment to

    the biological assets, net of tax) is expected to decrease

    from 40* cents to be between 23.64 cents and 26.51 cents
    (being a decrease of between 41% and 34%).


-   Earnings   before   interest,   taxation,   depreciation,

    amortisation and fair value adjustments on biological

    assets is expected to be between 30% and 35% lower than

    that for the comparative year of R322 million*.


-   Cash generated from operations is expected to be between

    50% and 55% lower than the R425 million* in the previous
    year.


*   The Group restated prior year figures following the

    International   Financial Reporting  Interpretations

    Committee (IFRIC) agenda decision on the accounting

    treatment of costs of configuring or customising a

    supplier's application software in a cloud computing or

    Software as a Service(SaaS)arrangement in March 2021. The

    Group has reconsidered its accounting treatment and

    adopted the treatment set out in the IFRIC agenda decision

    and the cost of customisation and configuration have been

    expensed in the Statement of profit or loss and other

    comprehensive income. This change in accounting treatment

    has been accounted for retrospectively and comparative

    information has been restated. The results for the 2020

    and 2021 financial year have been restated. A detailed

    assessment and impact of the restatement will be included

    in the results for the year ended 30 June 2022.


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
09 September 2022

Sponsor
One Capital

Date: 09-09-2022 04:12:00

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