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CROOKES BROTHERS LIMITED - Trading statement- Interims

Release Date: 19/11/2021 17:00
Code(s): CKS     PDF:  
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Trading statement- Interims

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”)

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 corresponding prior period.

For the interim period ended 30 September 2021, shareholders are advised that:

   •   basic loss per share is expected to be between 0.0 cents and 1.0 cents per share
       (September 2020: basic earnings 210.0 cents per share), and

   •   headline loss per share is expected to be between 46.2 cents and 56.2 cents per
       share (September 2020: headline earnings 151.1 cents per share).

The earnings decrease is mainly due to the group’s sugar cane and banana yields declining
due to the unfavourable regional climatic weather experienced, coupled with a reduction in
the fair value of biological assets.

The group’s interim results for the period ended 30 September 2021 will be published on or
about 24 November 2021.

Mount Edgecombe
19 November 2021

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

Date: 19-11-2021 05:00:00
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