To view the PDF file, sign up for a MySharenet subscription.

CROOKES BROTHERS LIMITED - Trading Statement

Release Date: 20/05/2014 12:15
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”)


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 2014:

Earnings per share(“EPS”) will be between 1 585 cents and 1 625
cents compared to EPS of 757.1 cents in the previous corresponding
period, being the financial year ended 31 March 2013 (“previous
corresponding period”). The EPS for the period being reported is
significantly increased by the capital profit on the sale of the
company’s grain farm in the Western Cape.

Headline earnings per share (“HEPS”) will be between 660 cents and
680 cents compared to HEPS of 749.9 cents in the previous
corresponding period

Comparison with the previous corresponding period is complicated
by the recognition in the prior year of the once-off payment of
arrear interest on the proceeds of the sale of the Komatipoort
Estate. Without the additional interest income in the previous
corresponding period the HEPS would have shown an increase of
between 18% and 20%.

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 2014 are
expected to be published on or about 4 June 2014.


Renishaw
20 May 2014

Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited

Date: 20/05/2014 12:15:00 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.

Share This Story