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YRK - York Timber Holdings Limited - Correction: Trading statement

Release Date: 02/03/2010 07:10
Code(s): YRK
Wrap Text

YRK - York Timber Holdings Limited - Correction: Trading statement 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") CORRECTION: TRADING STATEMENT Shareholders are referred to the trading statement dated 1 March 2010 and are advised that it contained a typographical error as it should have referred to a Headline Earnings per Share of (139) cents per share and (169) cents per share. The trading statement should have read as follow: 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 become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period. York is in the process of completing its results for the six months ended 31 December 2009 for release on or about 30 March 2010. Accordingly, shareholders are advised that Basic Headline Earnings per Share are expected to be in the range of (139) cents per share and (169) cents per share. The result is mainly attributable to a continued decrease in demand for timber in line with the current economic slow down. In addition, the fair value of the biological asset was reduced by approximately 4.5% when compared to the value of the Biological Asset as at 30 June 2009: harvested volume exceeding volume growth, a consequence the fires of 2007 and 2008. Shareholders are advised that the information included in this announcement has not been reviewed or reported on by the Company`s auditors. Sabie, Mpumalanga 2 March 2010 Sponsor Barnard Jacobs Mellet Corporate Finance (Pty) Limited Date: 02/03/2010 07:10:03 Supplied by www.sharenet.co.za 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.

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