CROOKES BROTHERS LIMITED - Interim Results for the Six Months Ended 30 September 2020

Interim Results for the Six Months Ended 30 September 2020

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 Interim Results for the Six Months Ended 30 September 2020
The Crookes Brothers Board (“the Board”) is pleased to present a summary of the Company’s interim results
for the six months ended 30 September 2020.

                                                                                Six months           Six months
                                                                             ended 30 Sep         ended 30 Sep              %
 Salient Features                                              Index                  2020                 2019*      change
 Revenue                                                        R’000               412 067              437 882          (6)
 Operating profit                                               R’000                66 097               33 925           95
 Profit for the period                                          R’000                46 285               11 145         315
 Non-controlling interests                                      R’000                14 225               15 849         (10)
 Headline earnings/(loss)                                       R’000                23 070               (5 070)        555
 Shareholders’ equity                                           R’000            1 104 154            1 069 284             3
 Cash generated from operations                                 R’000                58 478               52 993           10
 Weighted average number of ordinary shares                    shares           15 264 317           15 264 317              -
 Basic earnings/(loss) per share                               cents                  210,0                (30,8)        782
 Headline earnings/(loss) per share                            cents                  151,1                (33,2)        555
 Net asset value per share                                     cents                  7 234                 7 005           3
* Prior period re-presented to account for Renishaw Hills as continuing operations, and restated to account for the group's
equity share of earnings in its associate Lebombo Growers (Pty) Ltd.


Dividend
The Board has taken the decision not to declare an interim dividend in keeping with its current conservative
dividend policy.

Full announcement
The full announcement including commentary is available on the link below.

This short-form as set out above is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement, which is available on the following websites:

JSE website:                         https://senspdf.jse.co.za/documents/2020/jse/isse/cks/cbl2020.pdf

and

Crookes Brothers website:            http://www.cbl.co.za/wp-content/uploads/2020/11/IR30Sept20.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 on workdays during business
hours, at no charge.



Mount Edgecombe
24 November 2020

Sponsor: Sasfin Capital (a member of the Sasfin Group)

Date: 24-11-2020 04:49:00
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