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 six

months ended 31 December 2023 ("Current Period") for release
on or about 28 March 2024.


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 Current Period:


-   earnings per share ("EPS") is expected to decrease from

    13.26 cents* to between 5.37 cents and 6.04 cents, being

    a decrease of between 54% and 60% compared to 6 months

    ended 31 December 2022 ("Previous Comparative Period");
    and

-   headline earnings per share is expected to decrease from

    13.27 cents* to between 4.41 cents and 5.07 cents, being

    a decrease of between 62% and 67% compared to the Previous
    Comparative Period.

Furthermore, shareholders are advised that:


-   Core EPS (based on EPS attributable to ordinary

    shareholders less the fair value adjustment to the

    biological assets, net of tax) is expected to decrease

    from a loss of 2.62 cents* to a loss per share of between

    9.98 cents and 10.11 cents compared to the Previous
    Comparative Period.


-   Earnings   before   interest,   taxation,   depreciation,

    amortisation, and fair value adjustments on biological

    assets is expected to be between 84% and 89% lower than

    the Previous Comparative Period amount of R62.6 million*.


-   Cash generated from operations is expected to be between

    104% and 109% lower than the Previous Comparative Period
    amount of R103.6 million*.


    * Shareholders are advised that the Group restated its

      Previous Comparative Period figures for a change in the

      biological  asset   accounting  policy   to  capitalise

      plantation establishment costs. Other restatements were

      made to the plantation biological asset which impacted

      the fair value adjustment in the Statement of Profit or
      Loss.


A detailed assessment and impact of the above restatements

will be included in the results for the Current Period.


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 March 2024

Sponsor
One Capital

Date: 15-03-2024 04:20:00

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