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CROOKES BROTHERS LIMITED - Trading Statement

Release Date: 13/05/2013 16:38
Code(s): CKS     PDF:  
Wrap Text
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”)


UPDATED 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
financial year ended 31 March 2013:

Headline earnings per share (“HEPS”) will be between 735 cents and
755 cents compared to HEPS of 588.3 cents reported in the previous
corresponding period, being the financial year ended 31 March 2012
(“previous corresponding period”).

Earnings per share (“EPS”) will be between 740 cents and 760 cents
compared to EPS of 631.9 cents reported in the previous
corresponding period.

The improvement in HEPS arises largely from the payment of
interest by the National Department of Land Affairs, on the
proceeds of the sale of the Komatipoort estate. Without the
additional interest income the HEPS would have been marginally
lower than that of the previous corresponding period.

The EPS is similarly affected by the interest payment mentioned
above. Comparison with the prior year EPS is complicated by the
recognition in the previous corresponding period of the once-off
capital profit realised on the sale of the Belleview deciduous
fruit farm.

The financial information on which this trading statement is based
has not been reviewed or reported upon by the company’s auditors.

The company’s results for the year ended 31         March   2013   are
expected to be published on or about 29 May 2013.


Renishaw
13 May 2013
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited

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