YORK TIMBER HOLDINGS LIMITED - Unaudited condensed consolidated interim financial results for the six months ended 31 December 2019

Unaudited condensed consolidated interim financial results for the six months ended 31 December 2019

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

Unaudited condensed consolidated interim financial results 
for the six months ended 31 December 2019

Results overview
- Revenue increased by 8%
- EBITDA increased by R70 million
- Debt reduced by R155 million
- Cash generated from operations decreased by 35% to R64 million
- Biological asset value increased by 6%
- Earnings per share improved from a loss of 20 cents per share to a loss 
per share of 19 cents
- Headline earnings per share remained the same at a loss of 20 cents
- No dividend has been declared for the interim period ended 31 December
2019.

About this short-form announcement
This short-form announcement is the responsibility of the directors and 
is only a summary of the information in the full announcement and does not 
contain full or complete details.  Any investment decision should be based 
on the full announcement. The full announcement was made available on SENS 
on 31 March 2020, and is accessible via the following JSE link 
https://senspdf.jse.co.za/documents/2020/jse/isse/YRK/HY2020SENS.pdf and
can be found on the Company's website at www.york.co.za. Copies of the 
full announcement may also be requested at the Company's registered office, 
at no charge, on Mondays to Fridays, during office hours.

On behalf of the Board
PP van Zyl                     GCD Stoltz
Chief Executive Officer        Chief Financial Officer       31 March 2020

Executive directors: Pieter van Zyl (CEO), Gerald Stoltz (CFO)

Non-executive directors: Dr Jim Myers* (Chairman, USA), Dr Azar Jammine*, 
Shakeel Meer, Dinga Mncube*, Andries Brink*, Hetisani Mbanyele-Ntshinga*, 
Max Nyanteh* (*independent)

Registered office: York Corporate Office, 3 Main Road, Sabie, Mpumalanga
Postal address: PO Box 1191, Sabie, 1260
Auditor: PricewaterhouseCoopers Inc. Company Secretary: Sue Hsieh
Sponsor: One Capital
Transfer secretaries: Computershare Investor Services Proprietary Limited

www.york.co.za

Date: 31-03-2020 05:25:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.