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YORK TIMBER HOLDINGS LIMITED - Trading statement and trading update

Release Date: 07/03/2019 10:51
Code(s): YRK     PDF:  
Wrap Text
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”)


York is in the process of finalising its results for the
six months ended 31 December 2018 for release prior to 31
March 2019.

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 earnings per share (“EPS”)
and headline earnings per share (“HEPS”) are expected to
decrease from 28.0 cents to be between (19.4) cents and
(20.7) cents, for the six months ended 31 December 2018, as
a result of the operating loss caused by industrial action
during the period.

Furthermore, Shareholders are    advised   that for   the   six
months ended 31 December 2018:

-   Core earnings per share (based on EPS attributable to
    ordinary shareholders less the fair value adjustment to
    the biological assets, net of tax) are expected to
    decrease from 11.0 cents to between (17.6) cents and
    (18.1) cents.

-   Earnings   before   interest,   taxation,  depreciation,
    amortisation and fair value adjustments are expected to
    be between 94% and 99% lower than that reported in the
    comparative period of R127.4 million.

-   Cash generated from operations is expected to be between
    47% and 52% lower than the R71.5 million 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
07 March 2019

One Capital

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