To view the PDF file, sign up for a MySharenet subscription.

YORK TIMBER HOLDINGS LIMITED - Unaudited condensed consolidated interim financial results for the six months ended 31 December 2021

Release Date: 28/03/2022 15:19
Code(s): YRK     PDF:  
Wrap Text
Unaudited condensed consolidated interim financial results for the six months ended 31 December 2021

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 2021

www.york.co.za

Results overview
- Revenue up by 4% to R928 million
- EBITDA (earnings before interest, taxation, depreciation, amortisation
and fair value adjustment on plantation biological assets) decreased
by R45 million
- Debt reduced by R74 million
- Cash generated from operations decreased by 39% to R122 million
- Biological asset value increased by 3%
- Net working capital decreased by 35% to R115 million
- Earnings per share increased from 12,61 cents to 18,59 cents per share
- Headline earnings per share increased from 12,69 cents to 18,66 cents 
per share
- Core earnings per share decreased from 22,79 cents to 11,62 cents 
per share
- Net asset value per share increased by 4% to 964 cents per share
- No dividend has been declared for the six months ended 31 December 2021 
(2020: Rnil)

About this short-form announcement
This short-form announcement is the responsibility of the directors of the 
Company and is only a summary of the information in the full announcement 
and does not contain full or complete details. Any investment decision by 
investors and/or shareholders should be based on consideration of the full 
announcement. The full announcement is accessible via the following JSE link: 
https://senspdf.jse.co.za/documents/2022/jse/isse/YRK/Interim22.pdf and can 
be found on the Company's website at https://www.york.co.za/downloads/
Yorkinterim2022.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

Gabriel Stoltz
Interim Chief Executive Officer and Chief Financial Officer

28 March 2022

Executive director: 
Gabriel Stoltz
(Interim Chief Executive Officer and Chief Financial Officer)

Non-executive directors:
Dr Jim Myers* (Chairman, USA), Dr Azar Jammine*, Dinga Mncube*, Andries Brink*,
Hetisani Mbanyele-Ntshinga*, Maxwell Nyanteh*, André van der Veen, 
Lindani Dhlamini* (* independent)

Registered office:
York Corporate Office, 3 Main Road, Sabie, Mpumalanga

Postal address:
PO Box 1191, Sabie, 1260

Auditor:
PricewaterhouseCoopers Inc.

Company Secretary: 
Han-hsiu Hsieh

Sponsor:
One Capital

Transfer secretaries:
Computershare Investor Services Proprietary Limited

Date: 28-03-2022 03:19:00
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.

Share This Story