JSE-listed York Timber expects its earnings per share (EPS) and headline earnings per share (HEPS) to decrease to between 19.4c and 20.7c for the six months ended December 31, 2018, compared with the 28c reported for the six months ended December 31, 2017.
The company attributed the lower earnings to industrial action, which resulted in an operating loss for the period under review.
Further, core EPS are expected to decrease to between 17.6c and 18.1c, compared with 11c in the prior comparable period.
Earnings before interest, taxes, depreciation, amortisation and fair value adjustments are expected to be between 94% and 99% lower year-on-year.
Cash generated from operations is expected to be between 47% and 52% lower than the R71.5-million reported for the prior comparable period.