CKS
CKS
CKS - Crookes Brothers Limited- Trading Statement
CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
("Crookes" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited relating to Trading
Statements, a listed 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 previous
corresponding period.
Shareholders are advised that the company`s earnings per share for the six
months ended 30 September 2010 is expected to be between 300% and 320% higher
and headline earnings per share is expected to be between 45% and 65% higher
than the results of the previous corresponding period.
The difference between the earnings and headline earnings figures is due to the
capital profit on the sale of the Komatipoort Estate to the National Department
of Land Affairs as announced on SENS on 7 July 2010. The company has a claim
against the Department in respect of R24.5 million in interest payable on the
proceeds of this sale. This amount is reported as a contingent asset and, as
such, is excluded from earnings and headline earnings.
The financial information on which this trading statement is based has not been
reviewed or reported upon by the company`s auditors. The company`s results for
the six month period ended 30 September 2010 are expected to be published on 29
November 2010.
Renishaw
15 November 2010
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 15/11/2010 16:19:49 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
