Listed forestry company York Timbers Holdings has blamed an employee strike for its poor full-year results, saying it lost 239 production days as a result of the industrial action.

The company, which owns plantations and mills, said on Monday the impact of National Union of Metalworkers of SA’s (Numsa’s) protracted strike on revenue was R225m. Impact on earnings before interest, tax, depreciation and amortisation (Ebitda) was R131m...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now