CROOKES BROTHERS LIMITED - Trading statement

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, a 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 previously published corresponding period.

Shareholders are advised that for the six month period ended 30 September 2017:

-     basic earnings per share (“EPS”) is expected to be between 42.1 cents and 52.3 cents, being a
      decline of between 83.64% and 79.68%, compared to EPS of 257.4 cents in the corresponding prior
      period; and
-     headline earnings per share (“HEPS”) is expected to be between 42.1 cents and 52.3 cents, being a
      decline of between 83.62% and 79.65% compared to HEPS of 257.0 cents in the corresponding prior
      period.


The earnings decline is attributable mainly to a decrease in sugar prices and a reduction in sugar cane under
crop in the aftermath of the drought resulting in a volume decrease as well as a significant biological asset
write down on our sugar cane crop.

The board of directors of the Company cautions against using interim results to project figures for full year
earnings given the seasonality and timing of crop production at half year, and the impact of these factors on
biological asset valuations, particularly for the deciduous and macadamia crops, which are only fair valued at
year end.

The information in this trading statement has not been reviewed or reported on by the Company’s auditors.

The Company’s financial results for the six month period ended 30 September 2017 are expected to be
published on SENS on or about 29 November 2017.



Mount Edgecombe
28 November 2017

Sponsor
Sasfin Capital (a member of the Sasfin group)

Date: 28/11/2017 04:15:00 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.