Summarised Results for the year ended 31 March 2023
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 Results for the year ended 31 March 2023
The Crookes Brothers Board (“the Board”) is pleased to present a summary of the Company’s results for the
year ended 31 March 2023.
Year ended Year ended %
Salient Features Index 31 March 2023 31 March 2022* change
Revenue - continuing R’000 615 730 576 654 7
Change in fair value of biological assets - R’000 (11 356) 12 583 (190)
continuing
Operating (loss)/profit after biological assets - R’000 (148 560) 42 744 (448)
continuing
Finance costs - continuing R’000 (44 553) (25 987) (71)
(Loss)/profit for the year - total R’000 (199 575) 78 986 (353)
Headline (loss)/earnings - total R’000 (108 201) 35 042 (409)
Shareholders’ equity R’000 1 008 644 1 144 963 (12)
Net cash (utilised in)/generated by operating R’000 (46 045) 14 516 (417)
activities - total
Weighted average number of ordinary shares shares 15 264 317 15 264 317 -
Basic (loss)/earnings per share - total cents (1 284,9) 410,2 (413)
Headline (loss)/earnings per share - total cents (708,8) 229,6 (409)
Net asset value per share - total cents 6 608 7 501 (12)
Dividend per share cents - - -
* Prior year re-presented to account for discontinued operations.
Although these financial results were themselves not audited, they are extracted from the consolidated and
company annual financial statements which were audited by BDO South Africa Inc. who issued an
unmodified audit opinion on these financial statements. Their audit opinion, together with the
accompanying financial statements, can be viewed on the Company's website: https://www.cbl.co.za/wp-
content/uploads/2023/06/AFS_2023.pdf The audited Integrated Report will be posted to shareholders on 26
July 2023.
Dividend
The board of directors has resolved not to declare a final dividend for year ended 31 March 2023.
Full announcement
This short-form announcement is the responsibility of the Directors of the Company, is only a summary and
does not contain full or complete details of the information in the full announcement, which is available for
viewing on the following websites:
Company’s website: https://www.cbl.co.za/wp-content/uploads/2023/06/SENSE_2023.pdf
JSE website: https://senspdf.jse.co.za/documents/2023/jse/isse/cks/cbl2023.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 or available from our
company secretary: zngwenya@cbl.co.za on workdays during business hours, at no charge.
Durban
29 June 2023
JSE Sponsor to Crookes Brothers
Questco Corporate Advisory (Pty) Ltd
Date: 29-06-2023 05:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.