CROOKES BROTHERS LIMITED - Interim results

Interim results

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 2022
The Crookes Brothers Board (“the Board”) presents a summary of the Group’s interim results for the six months
ended 30 September 2022.

                                                                Six months        Six months
                                                             ended 30 Sep      ended 30 Sep              %
 Salient Features                                  Index             2022               2021        change
 Revenue                                            R’000           454 186           448 045            1
 Operating profit before biological assets          R’000            82 464           130 299         (37)
 Change in fair value of biological assets          R’000            (99 389)         (102 823)          3
 Operating (loss)/profit after biological assets    R’000           (16 925)             27 476       (162)
 (Loss)/profit for the period                       R’000           (25 552)             17 566       (245)
 Headline loss                                      R’000           (29 567)            (7 810)       (279)
 Shareholders’ equity                               R’000         1 220 213          1 104 002           11
 Cash generated from operations                     R’000            28 902             74 623         (61)
 Weighted average number of ordinary shares        shares        15 264 317         15 264 317              -
 Basic loss per share                              cents             (192,1)             (0,5)
 Headline loss per share                           cents             (193,7)             (51,2)
 Net asset value per share                         cents               7 994              7 233

Dividend
The Board is mindful of the need to conserve cash during this interim period and has decided not to declare
an interim dividend for the six-month period ended 30 September 2022.

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

This short form announcement is the responsibility of the directors. It is only a summary of the information
contained in the full announcement and does not contain full or complete details. Any investment decision
should be based on the full announcement which is available on the following websites:

JSE website:                  https://senspdf.jse.co.za/documents/2022/jse/isse/cks/cblint.pdf

and

Crookes Brothers website:     http://www.cbl.co.za/wp-content/uploads/2022/11/IR30Sept22.pdf

Copies of the full announcement are also available for inspection at our offices on workdays during business
hours, or a copy can be requested from the Company Secretary zngwenya@cbl.co.za at no charge.

Umhlanga
29 November 2022

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

Date: 29-11-2022 03:00:00
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