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 20% or more from those of the previous corresponding
period.
Shareholders are advised that, for the financial year ending 31 March 2012,
headline earnings per share ("HEPS") are expected to increase by at least 120%
over HEPS of 203.9 cents reported in the previous corresponding period.
The projected increase arises from improved prices and sound yields,
particularly in sugar cane operations.
However, earnings per share ("EPS") is expected to decrease to not less than 50%
of the prior year EPS of 911.0 cents per share 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
reviewed or reported upon by the company`s auditors. The company`s results for
the year ending 31 March 2012 are expected to be published on or about 30 May
2012.
Renishaw
27 February 2012
Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited
Date: 27/02/2012 09:55:02 Produced by the JSE SENS Department.
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