York Timbers flags drop in profit on rising costs
Company says costs will not be recovered in its selling prices to consumers
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...
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