| Tue 17 Sep 2024, 17:00 | | YORK TIMBER HOLDINGS LIMITED - Trading statement and trading update |
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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 2024 ("Current Period") for release on or about
26 September 2024.
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, for the Current Period:
- earnings per share ("EPS") is expected to increase from a
loss per share of 77.43 cents to an EPS of between
27.40 cents and 31.28 cents compared to the year ended
30 June 2023 ("Previous Comparative Period"); and
- headline earnings per share ("HEPS") is expected to
increase from a headline loss per share of 75.89 cents to
HEPS of between 28.22 cents and 32.02 cents compared to
the Previous Comparative Period.
Furthermore, shareholders are advised that:
- Core EPS (based on EPS attributable to ordinary
shareholders less the fair value adjustment to the
biological assets, net of tax) is expected to decrease
from a loss per share of 8.04 cents to a loss per share
of between 10.61 cents and 11.01 cents, being a decrease
of between 32% and 37%, compared to the Previous
Comparative Period.
- Earnings before interest, taxation, depreciation,
amortisation, and fair value adjustments on biological
assets is expected to be between 15% and 20% lower than
the Previous Comparative Period amount of R110.3 million.
- Cash generated from operations is expected to be between
75% and 80% lower than the Previous Comparative Period
amount of R128.1 million.
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
17 September 2024
Sponsor
One Capital
Date: 17-09-2024 05:00:00
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