York Timber Holdings Limited provided earnings guidance for the six months ended 31 December 2015. For the period, the company's core earnings per share (based on headline earnings per share (HEPS) attributable to ordinary shareholders less fair value adjustment on biological assets net of tax) is likely to be between 20% and 25% higher than for the comparative period. Earnings per share and HEPS for the six months ended 31 December 2015 are expected to be between 45% and 50% lower than the earnings per share and HEPS reported for the comparative period.

Earnings per share and HEPS are expected to decrease from 21 cents in the comparative period, to between 10.5 cents and 11.6 cents. The decrease is as a result of a lower fair value adjustment largely due to an increase in the discount rate as a result of the increase in the R186 bond rate. Operating profit for the six months ended 31 December 2015 is likely to be between 10% and 15% higher than that reported for the comparative period.

Net cash flow from operating activities is likely to be between ZAR 95 million and ZAR 100 million higher than that reported for the comparative period.