York Timber Holdings Limited provided earnings guidance for the six months ended December 31, 2017. For the period, the company’s earnings per share (EPS) and headline earnings per share (HEPS) are expected to increase from 10.0 cents to between 27.8 cents and 28.3 cents, for the period ended 31 December 2017. Core earnings per share (based on EPS attributable to ordinary shareholders less the fair value adjustment to the biological assets, net of tax) are expected to increase from 7.0 cents to between 10.6 cents and 11.0 cents. This is as a result of an increase in operating profit due to a reduction in external log purchases. Earnings before interest, taxation, depreciation, amortisation and fair value adjustments is expected to be between 13% and 18% higher than the previous corresponding period of ZAR 109.4 million.