YORK TIMBER HOLDINGS LIMITED - Trading update

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”)

TRADING UPDATE

York is in the process of finalising its results for the
six months ended 31 December 2019 scheduled for release
prior to 31 March 2020.

Shareholders are advised that earnings/(losses) per share
(“EPS”) are expected to remain unchanged at (20) cents and
headline earnings/(losses) per share (“HEPS”) are expected
to improve from (20) cents to be between (19.5) cents and
(18.5) cents, for the six months ended 13 December 2019.
HEPS are expected to be between 2.5% and 7.5% higher than
the previous corresponding period.

Furthermore, Shareholders are advised that:

-   Core   earnings/(losses)   per  share   (based  on   EPS
    attributable to ordinary shareholders less the fair
    value adjustment to the biological assets, net of tax)
    are expected to improve from (18) cents to between (2.4)
    cents and (1.5) cents (being an increase of between
    86.7% and 91.7%).      The previous comparative period
    results were impacted by industrial action.

-   Earnings   before  interest,   taxation,   depreciation,
    amortisation and fair value adjustments are expected to
    be between R73.6 million and R73.8 million compared to
    that reported for the previous comparative period of
    R3.7 million.

-   Cash generated from operations is expected to be between
    32% and 37% lower than the R99.1 million (restated) of
    the comparative 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
16 March 2020

Sponsor
One Capital

Date: 16-03-2020 04:39:00
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