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YORK TIMBER HOLDINGS LIMITED - Consolidated financial results for the year ended 30 June 2019

Release Date: 30/09/2019 15:10
Code(s): YRK     PDF:  
Wrap Text
Consolidated financial results for the year ended 30 June 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")

Consolidated financial results for the year ended 30 June 2019

Results overview
- Results negatively impacted by industrial action
- Revenue down by 12%*
- EBITDA (Earnings before interest, tax, depreciation and amortisation) 
down by 28%*
- EBITDA at R201 million for the 6 months ended 30 June 2019
- Debt decreased by R121 million
- Cash generated from operations decreased by 21%* to R224 million
- Cash in bank at reporting date of R89 million
- Biological asset value up 8%
- Net asset value per share down 1% from 990 cents* to 980 cents
- Core earnings per share decreased from 26 cents* to 8 cents
- Earnings per share decreased from 44 cents* to a loss per share of 11 cents
- Headline earnings per share increased from 45 cents* to 50 cents
- No dividend has been declared for the year ended 30 June 2019 (2018: R nil)

* Restated figures

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 consideration of 
the full announcement. The full announcement is accessible via the following 
JSE link 
and on the Company's website at
AuditedConsolidatedResults.pdf. 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
Chief Executive Officer

GCD Stoltz
Chief Financial Officer

30 September  2019

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

One Capital

Transfer secretaries:
Computershare Investor Services Proprietary Limited

Date: 30/09/2019 03:10:00
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