South African sawmiller York Timber says it will report bumper profits when its financial results are published on September 17.
In a trading update, York said basic and headline earnings per share for the six months ended June 30, 2008 were expected to be 236-256% higher than the comparable period in 2007.
York runs eight sawmills, processing plantation pine, as well as plywood and veneer manufacturing operations. It owns and leases 86,900ha of plantation, of which 57,400ha are Forest Stewardship Council certified.
