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 reasonably certain that the financial results for the next period to be reported on will differ by at least 20% or more from those of the previous corresponding period.

For the financial year ended 31 March 2022, shareholders are advised that:

  • basic earnings per share is expected to be 410.20 cents, compared to 152.2 cents for the year ending 31 March 2022 ("the Corresponding Period"); and
  • headline earnings per share is expected to be 229.60 cents, compared to headline earnings of 272,2 cents for the Corresponding Period.

The increase in basic earnings is mainly due the capital profit realised from the sale of the group's remaining portions of the Riversbend farm in the Nkwalini Valley of northern KwaZulu-Natal.

This capital profit is excluded from the calculation of headline earnings, hence the decrease compared to the Corresponding Period.

The Company's results for the year ended 31 March 2022 will be published on or about 30 June 2022.

Durban

27 June 2022

JSE Sponsor to Crookes Brothers

Questco Corporate Advisory (Pty) Ltd

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Crookes Brothers Limited published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 13:34:05 UTC.