YORK TIMBER HOLDINGS LIMITED - Trading statement and trading update
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”)
TRADING STATEMENT AND TRADING UPDATE
York is in the process of finalising its results for the year
ended 30 June 2020 for release on or about 28 September 2020.
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/(losses) per share
(“EPS”) are expected to decrease from (11) cents to between
(68.31)cents and (68.88) cents and headline earnings/(losses)
per share are expected to decrease from 50 cents to be
between(69.09) cents and (71.57) cents for the year ended 30
June 2020. The results for the 2020 financial year were
negatively impacted by the COVID-19 pandemic.
Furthermore, Shareholders are advised that:
- Core earnings/(losses) 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 8 cents to between (33.4) cents
and (33.79) cents.
- Earnings before interest, taxation, depreciation,
amortisation and fair value adjustments are expected to
be between 92% and 97% lower than that reported in the
previous comparative period of R204.7 million.
- Cash generated from operations is expected to be between
55% and 60% lower than the R223.8 million reported in the
previous 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
11 September 2020
Sponsor
One Capital
Date: 11-09-2020 03:00:00
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