York Timber warns of 'unaffordable' log prices as profits fall almost a third | Business

📆 30/03/2023 17:30:00

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Forest owner and wood processer York Timber said on Thursday profits fell almost a third in its half-year to end-December, hit by some higher costs, including from load shedding and from its externally sourced logs. | News24_Business

In December, the company had concluded a R250 million rights issue, and its net debt fell by R96 million to R395 million.

"Log price increases from , in a trading environment where lumber industry prices continue to decline, places its customers' sustainability at risk," it said.

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