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 expects that, for the six months
ended 30 September 2011:
* earnings per share ("EPS") will be between 265 cents and 285 cents
compared to the prior period EPS of 804.1 cents
* headline earnings per share ("HEPS") are expected to improve to
between 265 cents and 285 cents over HEPS of 100.9 cents in the
previous corresponding period.
The improvement in HEPS arises from improved prices and sound yields,
particularly in sugar cane operations. The reduction in EPS is due to the
recognition in the prior reporting period of the once-off capital profit
realised on the sale of the Komati Estate to the government as part of the
land restitution program.
The financial information on which this trading statement is based has not
been reported upon by the company`s auditors. The company`s results for
the six month period ended 30 September 2011 are expected to be published
on or about 29 November 2011.
Renishaw
18 November 2011
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 18/11/2011 10:11:02 Produced by the JSE SENS Department.
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