York Timbers flags drop in profit on rising costs
Company says costs will not be recovered in its selling prices to consumers
20 March 2023 - 15:25
UPDATED 21 March 2023 - 19:00
Forestry and sawmill company York Timbers has flagged a drop in profit because of price increases in logs, higher transport costs and greater spending on diesel to minimise the impact of power cuts.
The company, valued at R1.02bn on the JSE, said in a trading statement and update for its 2022 half-year to end-December that these costs will not be recovered in its selling prices to consumers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.