York Timber reports higher earnings, revenue
JSE-listed lumber and agriculture company York Timber’s revenue for the year ended June 30 increased by 14% year-on-year to R1 995-million.
Adjusted earnings before interest, taxes, depreciation and amortisation increased by R75-million to R166-million.
Debt increased by R126-million to R561-million, while cash generated from operations increased by R119-million to R148-million.
The company’s biological asset value increased by 19% to R3.25-billion.
Net working capital increased by 9% to R223-million.
York’s earnings a share increased from 12.97c to 68.19c, while headline earnings a share increased from 13.74c to 66.69c.
York’s net asset value a share increased from 592c to 659c.
No dividend was declared for the year, as was the case in the previous year.
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