Wrap Text
Unaudited condensed consolidated interim financial results for the six months ended 31 December 2023
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")
www.york.co.za
Unaudited condensed consolidated interim financial results
for the six months ended 31 December 2023
Results overview
- Revenue decreased by 2% to R882 million
- Adjusted EBITDA^ decreased by R54 million*
- Debt (including the Absa IMX facility) reduced by R5,4 million. Net debt
stands at R292 million
- Cash generated from operations decreased by R111 million*
- Biological asset value increased by 5% to R2 657 million
- Net working capital increased by 21% to R155 million
- Earnings per share decreased from 13,26 cents* to 5,64 cents
- Headline earnings per share decreased from 13,27 cents* to 4,67 cents
- Core earnings per share decreased from a loss of 2,62 cents* to a loss
of 10,06 cents
- Net asset value per share increased from 579 cents to 584 cents
- No dividend has been declared for the six months ended 31 December 2023
(2022: Rnil)
* The prior period figures have been restated. Refer to note 3 to the unaudited
condensed consolidated interim financial results.
^ Earnings before interest, taxation, depreciation, amortisation, impairment
and fair value adjustment on biological assets.
About this announcement
This announcement is the responsibility of the directors. As the
information in this announcement does not provide all of the details, any
investment decision should be based on consideration of the Group's unaudited
condensed consolidated interim financial statements for the six- months
ended 31 December 2023, which are accessible via the following JSE cloudlink:
https://senspdf.jse.co.za/documents/2024/jse/isse/YRK/Interim24.pdf and can
be found on the Company's website at: http://www.york.co.za/wp-
content/uploads/2024/03/YorkInterimResults2024.pdf.
On behalf of the Board
Gabriël Stoltz Schalk Barnard
Chief Executive Officer Chief Financial Officer
Sabie, Mpumalanga
28 March 2024
Executive directors:
Gabriël Stoltz (Chief Executive Officer)
Schalk Barnard (Chief Financial Officer)
Non-executive directors:
Nonzukiso Siyotula* (Chairperson), Hetisani Mbanyele-Ntshinga*,
Maxwell Nyanteh* (Lead Independent Director), Andries Brink*,
Andre van der Veen, Lindani Dhlamini*, Alton Solomons, Adrian Zetler
(* Independent)
Registered office:
York Corporate Office, 3 Main Road, Sabie, Mpumalanga
Postal address:
PO Box 1191, Sabie, 1260
Auditor:
Deloitte and Touche
Company Secretary:
Kilgetty Statutory Services (South Africa) Proprietary Limited
Sponsor:
One Capital Sponsor Services Proprietary Limited
Sponsor address:
17 Fricker Road, Illovo, Johannesburg, 2196
Transfer secretaries:
Computershare Investor Services Proprietary Limited
Date: 28-03-2024 02:40:00
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