CROOKES BROTHERS LIMITED - audited summarised Results for the year ended 31 March 2022

audited summarised Results for the year ended 31 March 2022

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

Summarised Results for the year ended 31 March 2022
The Crookes Brothers Board (“the Board”) is pleased to present a summary of the Company’s results for the
year ended 31 March 2022.

                                                                 Year ended        Year ended            %
Salient Features                                   Index      31 March 2022     31 March 2021      change
Revenue                                             R’000            678 602           635 583           7
Operating profit before biological assets           R’000             46 344            39 344          18
Change in fair value of biological assets           R’000             13 005            58 515        (78)
Operating profit after biological assets            R’000             59 349            97 859        (39)
Profit for the year                                 R’000             78 986            42 807          85
Headline earnings                                   R’000             35 042            41 552        (16)
Shareholders’ equity                                R’000          1 144 963         1 089 667           5
Cash generated from operations                      R’000             58 460           102 282        (43)
Weighted average number of ordinary shares         shares         15 264 317        15 264 317            -
Basic earnings per share                            cents              410,2             152,2         170
Headline earnings per share                         cents              229,6             272,2        (16)
Net asset value per share                           cents              7 501             7 139           5
Dividend per share                                  cents                  -              50,0       (100)

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/2022/06/AFS_2022.pdf, which also provides more details on the key audit matters. The
audited Integrated Report will be posted to shareholders on 27 July 2022.

Dividend
The board of directors has resolved not to declare a final dividend for year ended 31 March 2022
(2021: 50.00 cents per ordinary share).

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

Company’s website: https://www.cbl.co.za/wp-content/uploads/2022/06/SENSE_2022.pdf
JSE website:       https://senspdf.jse.co.za/documents/2022/jse/isse/cks/cbl2022.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
30 June 2022

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

Date: 30-06-2022 03:30:00
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