CKS
CKS
CKS - Crookes Brothers Limited - Trading Statement
CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
("Crookes" or "the company")
Share code: CKS & ISIN: ZAE000001434
TRADING STATEMENT
Shareholders are advised that, for the six month period ending 30 September
2008, the company`s earnings per share ("eps") are expected to be between 15%
and 25% higher and headline earnings per share ("heps") are expected to be
between 35% and 45% higher than the results of the corresponding period last
year. The difference is mainly due to improved contributions from:
- sugar cane - improved RV sucrose price partially offset by increases in
farming input costs
- bananas - increase in production volumes
- deciduous fruit - a combination of increased volumes as a result of recent
acquisitions and higher export prices
- citrus - improved export prices
These results exclude the sale of the company`s Doornkop farms to the National
Department of Land Affairs for the sum of R48.9m (excluding all movable farming
assets). The effective date of disposal will be the date of registration of
transfer of the properties and this is expected during December 2008. A pre-tax
capital profit of R29.8m is expected to be realised from the abovementioned
transaction
The information in this trading statement has not been reviewed or reported upon
by the company`s auditors. The company`s actual results for the 6 month period
ended 30 September 2008 are expected to be published on or about 26 November
2008.
Renishaw
13 November 2008
Sponsor:
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 13/11/2008 12:28:01 Produced by the JSE SENS Department.
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