York Timber Holdings Ltd 2006 AR2
The report highlights Yorkcor's record-breaking financial performance for the fiscal year 2006, with revenue increasing by 39% to R394 million and operating profit growing by 50% to R42.2 million. The company successfully settled all outstanding litigation with Safcol and finalized a major ownership transaction with Blackstar Investors plc, which includes a 26% black economic empowerment (BEE) component. Operationally, Yorkcor expanded its forestry assets by acquiring the Goedgeloof plantation and re-commissioned the Madiba Forest Products factory to boost value-added timber production. Additionally, the company maintained its commitment to environmental stewardship, with its sawmills and newly acquired plantation holding Forest Stewardship Council (FSC) certification.
Company: York Timber Holdings Ltd
Sector: Manufacturing
Country: South Africa
Year: 2006
Type: AR2
Pages: 71
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York Timber Holdings Ltd
Annual Report
The report highlights Yorkcor's record-breaking financial performance for the fiscal year 2006, with revenue increasing by 39% to R394 million and operating profit growing by 50% to R42.2 million. The company successfully settled all outstanding litigation with Safcol and finalized a major ownership transaction with Blackstar Investors plc, which includes a 26% black economic empowerment (BEE) component. Operationally, Yorkcor expanded its forestry assets by acquiring the Goedgeloof plantation and re-commissioned the Madiba Forest Products factory to boost value-added timber production. Additionally, the company maintained its commitment to environmental stewardship, with its sawmills and newly acquired plantation holding Forest Stewardship Council (FSC) certification.
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Document Details
Report Year
2006
Reporting Period
Jan 1, 2006 - Dec 31, 2006
Fiscal Year
2006
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees