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

📆 2023-03-30 22:30:00

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Skriv Kommentar

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

ESKOM LIVE | Stage 4 load shedding returns on Thursday | BusinessAll the latest news and analysis on load shedding, power and the national grid. 🤣🤣🤣🙄 Mxm eskom Ag shame
Läs mer »