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

CROOKES BROTHERS LIMITED - Summarised Results for the year ended 31 March 2023

Release Date: 29/06/2023 17:10
Code(s): CKS     PDF:  
Wrap Text
Summarised Results for the year ended 31 March 2023

Crookes Brothers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
(“Crookes Brothers” or “the Company”)

Summarised Results for the year ended 31 March 2023
The Crookes Brothers Board (“the Board”) is pleased to present a summary of the Company’s results for the
year ended 31 March 2023.

                                                                 Year ended         Year ended         %
 Salient Features                                   Index     31 March 2023      31 March 2022*   change
 Revenue - continuing                                R’000            615 730           576 654         7
 Change in fair value of biological assets -         R’000           (11 356)            12 583     (190)
 continuing
 Operating (loss)/profit after biological assets -   R’000         (148 560)             42 744     (448)
 continuing
 Finance costs - continuing                          R’000           (44 553)          (25 987)      (71)
 (Loss)/profit for the year - total                  R’000         (199 575)             78 986     (353)
 Headline (loss)/earnings - total                    R’000         (108 201)             35 042     (409)
 Shareholders’ equity                                R’000         1 008 644          1 144 963      (12)
 Net cash (utilised in)/generated by operating       R’000           (46 045)            14 516     (417)
 activities - total
 Weighted average number of ordinary shares         shares        15 264 317         15 264 317         -
 Basic (loss)/earnings per share - total             cents          (1 284,9)             410,2     (413)
 Headline (loss)/earnings per share - total          cents             (708,8)            229,6     (409)
 Net asset value per share - total                   cents               6 608            7 501      (12)
 Dividend per share                                  cents                   -                -         -
* Prior year re-presented to account for discontinued operations.

Although these financial results were themselves not audited, they are extracted from the consolidated and
company annual financial statements which were audited by BDO South Africa Inc. who issued an
unmodified audit opinion on these financial statements. Their audit opinion, together with the
accompanying financial statements, can be viewed on the Company's website: https://www.cbl.co.za/wp-
content/uploads/2023/06/AFS_2023.pdf The audited Integrated Report will be posted to shareholders on 26
July 2023.

Dividend
The board of directors has resolved not to declare a final dividend for year ended 31 March 2023.

Full announcement
This short-form announcement is the responsibility of the Directors of the Company, is only a summary and
does not contain full or complete details of the information in the full announcement, which is available for
viewing on the following websites:

Company’s website: https://www.cbl.co.za/wp-content/uploads/2023/06/SENSE_2023.pdf
JSE website:       https://senspdf.jse.co.za/documents/2023/jse/isse/cks/cbl2023.pdf


Any investment decision by investors and/or shareholders should be based on consideration of the full
announcement, copies of which are also available for inspection at our offices and or available from our
company secretary: zngwenya@cbl.co.za on workdays during business hours, at no charge.

Durban
29 June 2023

JSE Sponsor to Crookes Brothers
                                                                                                
Questco Corporate Advisory (Pty) Ltd




                                     
Date: 29-06-2023 05:10:00
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