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Trading Statement
CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
(“the company”)
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements 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.
For the year ended 31 March 2016, shareholders are advised that:
- Earnings per share is expected to range between 400 and 460 cents per share (2015:
323.9 cents), which is an increase of between 23% and 42% compared to the previous
corresponding period (“prior year”).
- Headline earnings per share is expected to range between 400 and 460 cents per share
(2015: 330.6 cents), which is an increase of between 21% and 39% compared to the
prior year.
Growth in earnings is a recovery from 2015 levels and is attributable to excellent results from
our deciduous fruit and banana operations driven by improving yields, higher prices and more
deciduous orchards coming into production.
Earnings from sugar cane are down on last year, with lower production as a consequence of
the ongoing drought negatively impacting sugar cane yields. This has been partially offset by
increased sugar prices.
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 2016 are expected to be published on or
about 31 May 2016.
Mount Edgecombe
17 May 2016
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
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