York Timber Holdings Limited provided earnings guidance for the year ended 30 June 2018. The company expects EPS and headline EPS of to decrease from 116.0 cents to between 40.6 cents and 46.4 cents. EPS and HEPS are expected to be between 60% and 65% lower than the previous corresponding period, as a result of the fair value adjustment on biological assets being lower than in the previous financial year. 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 17.0 cents to between 26.9 cents and 27.9 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 are expected to be between 8% and 13% higher than the amount in the previous financial year of ZAR 246.1 million.