28 Sep - 3 min read

Consolidated financial results for the year ended 30 June 2021

Consolidated financial results for the year ended 30 June 2021

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")

Consolidated financial results for the year ended 30 June 2021


Results overview
- Revenue up 29% to R1 851 million
- EBITDA (earnings before interest, taxation, depreciation, amortisation and
fair value adjustment on plantation biological assets) increased by 
R314 million
- Debt reduced by R69 million
- Cash generated from operations increased from R96 million to R429 million
- Biological asset value down by 1%
- Earnings per share increased from a loss of 69 cents to earnings of 44 cents
per share
- Headline earnings per share increased from a loss of 70 cents to earnings of
43 cents per share
- Core earnings per share increased from a loss of 33 cents to earnings of 
41 cents per share
- Net asset value per share increased by 4% to 952 cents per share
- No dividend has been declared for the year ended 30 June 2021 (2020: Rnil)

About this short-form announcement
This short-form announcement is the responsibility of the directors of the
Company and is only a summary of the information in the full announcement and 
does not contain full or complete details. Any investment decision by investors 
and/or shareholders should be based on consideration of the full announcement. 
The full announcement is accessible via the following JSE link: 
https://senspdf.jse.co.za/documents/2021/jse/isse/YRK/FY2021SENS.pdf and on the 
Company's website at http://www.york.co.za/downloads/Yorkyearend2021.pdf. The 
consolidated and separate annual financial statements, from which the full 
results announcement has been extracted, have been audited by 
PricewaterhouseCoopers Incorporated, who expressed an unmodified unqualified 
audit opinion thereon. The key audit matters contained in the auditor's report 
are addressed on pages 13 to 16 of the consolidated and separate annual 
financial statements, which is available on the company's website at 
http://www.york.co.za/downloads/auditedconsolidatedresults2021.pdf. Copies of 
the full announcement may also be requested at the Company's registered office, 
at no charge, on Mondays to Fridays, during office hours.

Please register for the York Year-end Results Presentation to be held via 
webinar on 28 September 2021 at 11:00 am CAT at: 
https://attendee.gotowebinar.com/register/994195324361586443. Once registered, 
you will receive a confirmation email containing information about joining the 

On behalf of the Board
Gabriel Stoltz
Chief Financial Officer

28 September 2021

Executive directors:
Gabriel Stoltz (CFO and interim CEO)

Non-executive directors:
Dr Jim Myers* (Chairman, USA), Dinga Mncube*, Andries Brink*, 
Hetisani Mbanyele-Ntshinga*, Maxwell Nyanteh*, Lindani Dhlamini*, Adrian Zetler, 
Andre van der Veen (alternate director to Adrian Zetler)
(* independent)

Registered office:
York Corporate Office, 3 Main Road, Sabie, Mpumalanga

Postal address:
PO Box 1191, Sabie, 1260

PricewaterhouseCoopers Inc

Company Secretary: 
Han-hsiu Hsieh

One Capital

Date: 28-09-2021 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from York Timber Holdings Limited (JSE:YRK) when you join Listcorp.