CROOKES BROTHERS LIMITED - Interim Results for the Six Months Ended 30 September 2019

Interim Results for the Six Months Ended 30 September 2019

Crookes Brothers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
(“Crookes Brothers” or “the Company”)


Summarised Interim Results for the Six Months Ended 30 September 2019


The Crookes Brothers Board (“the Board”) is pleased to present a summary of the Company’s interim results for the six
months ended 30 September 2019. The Board cautions against using these interim results to project figures for full
year earnings, given the seasonality and timing of crop production at half year, and the impact of these factors on
biological asset valuations, particularly for deciduous and macadamia crops, which are only fair valued at year-end.

Salient Features

                                                                                               Six months        Six months
                                                                                             ended 30 Sep      ended 30 Sep
                                                                                                     2019             2018*
                                                                                    %
                                                                               Change                  R000           R000
 Total revenue                                                                      17              437 882         373 000
 Profit for the period – continuing operations                                    (71)                6 122          21 479
 Net asset value per share                                                           2                6 985           6 870
 Basic (loss)/earnings (cents per share)                                         (177)                (50,6)           65,3
 Headline (loss)/earnings (cents per share)                                      (200)                (53,0)           52,9
 Weighted average number of ordinary shares                                          -           15 264 317      15 264 317

 Cash generated from operations                                                       1              52 993           52 260

* Re-presented to account for discontinued operations.

Dividend

The Board has taken the decision not to declare an interim dividend in keeping with its current conservative dividend
policy.

Full announcement

The full announcement including commentary is available on the link below.

This short-form as set out above is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement which is available on the following websites:

JSE website:                            https://senspdf.jse.co.za/documents/2019/jse/isse/cks/cbl6.pdf

And

Crookes Brothers website:                https://www.cbl.co.za/wp-content/uploads/2019/11/Interim-Results-for-the-six-months-
ended-30-September-2019.pdf

Any investment decision by investors and/or shareholders should be based on consideration of the full announcement,
copies of which are also available for inspection at our offices and our sponsor’s offices on workdays during business
hours, at no charge.

Mount Edgecombe
26 November 2019

Sponsor: Sasfin Capital (a member of the Sasin Group)

Date: 26-11-2019 04:47:00
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