York Timbers’ earnings improve
JSE-listed Lumber and agriculture company York Timbers expects to report earnings a share of between 67.87c and 68.51c for the financial year ended June 30, an increase from the restated amount of 12.97c reported for the 2024 financial year.
The group restated its results for the previous comparative period following an amendment to the reported volumes of its plantation biological assets arising from a prior-year error. This error had an impact on the fair value adjustment reflected in the statement of profit or loss and other comprehensive income.
Headline earnings a share are expected to be between 66.35c and 67.03c, an increase from 13.74c in the prior financial year.
York expects to report a 94% to 99% improvement in its core losses a share to between 0.06c and 0.60c, from a loss a share of 10.74c in the prior year.
Earnings before interest, taxes, depreciation, amortisation, impairment and fair value adjustments on biological assets is expected to be between 81% and 86% higher than the previous comparative period amount of R90.6-million.
Cash generated from operations is expected to be between 418% and 423% higher than the previous comparative period amount of R28-million.
The company is finalising its results for the period and expects to release these on or about September 30.
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