CROOKES BROTHERS LIMITED - Trading statement

Trading statement

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


Trading statement

In terms of the JSE Limited Listings Requirements, a company is required to publish a trading statement
as soon as it becomes aware that the financial results for the next period to be reported on will differ by
at least 20% or more from those of the corresponding prior period.

For the interim period ended 30 September 2022, shareholders are advised that:

 •    basic loss per share is expected to be 192.1 cents per share (September 2021: basic loss 0.5
      cents per share), and

 •    headline loss per share is expected to be 193.7 cents per share (September 2021: headline loss
      51.2 cents per share).

The group experienced challenging trading conditions during the period under review. The surge in
agricultural input and logistical cost increases precipitated by the Russia/Ukraine conflict affected all
agricultural operations. The financial performance, especially in the deciduous fruit, banana and
macadamia divisions, was negatively impacted by a large contraction in average selling prices resulting
in significant pressure on margins and losses in some divisions. Sugar volumes are slightly down due
to the timing of the harvest, but prices have been stable.

The financial information on which this trading statement is based is the responsibility of the directors
of the Company and has not been reviewed or reported on by the group's independent external
auditor.

The Company’s interim results for the period ended 30 September 2022 will be published on or about
29 November 2022.



Umhlanga
25 November 2022

JSE Sponsor to Crookes Brothers
Questco Corporate Advisory (Pty) Ltd

Date: 25-11-2022 04:00:00
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