CKS - Crookes Brothers Limited - Trading statement

CKS - Crookes Brothers Limited - Trading statement                              
CROOKES BROTHERS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1913/000290/06)                                            
Share code: CKS   ISIN: ZAE000001434                                            
("Crookes" or "the company")                                                    
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited relating to            
Trading Statements, a listed 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 previous corresponding period.                                     
Shareholders are advised that the company expects that, for the six months      
ended 30 September 2011:                                                        
*    earnings per share ("EPS") will be between 265 cents and 285 cents         
compared to the prior period EPS of 804.1 cents                             
*    headline earnings per share ("HEPS") are expected to improve to            
    between 265 cents and 285 cents over  HEPS of 100.9 cents in the            
    previous corresponding period.                                              
The improvement in HEPS arises from improved prices and sound yields,           
particularly in sugar cane operations. The reduction in EPS is due to the       
recognition in the prior reporting period of the once-off capital profit        
realised on the sale of the Komati Estate to the government as part of the      
land restitution program.                                                       
The financial information on which this trading statement is based has not      
been reported upon by the company`s auditors.  The company`s results for        
the six month period ended 30 September 2011 are expected to be published       
on or about 29 November 2011.                                                   
Renishaw                                                                        
18 November 2011                                                                
Sponsor                                                                         
Sasfin Capital                                                                  
A Division of Sasfin Bank Limited                                               
Date: 18/11/2011 10:11:02 Supplied by www.sharenet.co.za                     
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