York Timber expects substantial earnings growth

York Timber Holdings Limited (JSE:YRK) has announced that it expects a significant upswing in its financial performance for the six months ended December 31, 2024. The company projects earnings per share (EPS) to increase to between 15.75 cents and 16.03 cents, a substantial rise compared to the 5.64 cents reported for the corresponding period in 2023. Headline earnings per share (HEPS) are also expected to climb, reaching between 14.22 cents and 14.45 cents, versus 4.67 cents previously. Core EPS is expected to improve to a loss per share of between 0.07 cents and 0.12 cents, an improvement from the prior loss per share of 10.06 cents. Furthermore, earnings before interest, taxation, depreciation, amortisation, and fair value adjustments on biological assets are projected to be between 914% and 919% higher than the Previous Comparative Period amount of R8.3 million. Cash generated from operations is expected to be between 687% and 692% higher than the Previous Comparative Period's cash used in operations of R7.8 million. The results are scheduled for release around March 31, 2025.