YRK - York Timber Holdings Limited - Correction: Trading statement
YRK
YRK
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 Produced by the JSE SENS Department.
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