Crookes Brothers Limited - Trading Statement
CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
("the company")
Share code: CKS & ISIN: ZAE000001434
TRADING STATEMENT
In terms of the Listings Requirements (Section 3.4(b)) 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 upon will differ by at least 20% or more from those
on the previous corresponding period.
As stated in the Interim Report published on SENS on 30 November 2005, the
impact of the ongoing drought in the eastern Mpumalanga region and the
associated water restrictions have resulted in a 35% reduction in the company"s
cane yields ( in that region ) during the current season. The drought has
continued unabated for three years and the situation is extremely serious, with
water restrictions remaining at 15% of normal irrigation quotas per annum. The
major dams in the area are extremely low and it will take eight years of average
rainfall to fill a dam such as Maguga, which is 12,3% full.
Overall volumes of sugar cane, bananas, citrus and deciduous fruit are higher
than those for the 2005 financial year. The higher South African RV sucrose and
Swaziland sucrose prices have more than offset the lower prices for other
products.
Shareholders are advised that the company"s earnings for the year ending 31
March 2006 are now expected to be between 90% and 110% higher than the previous
financial year - (Restated for International Financial Reporting Standards).
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 year ending 31 March 2006 are expected to
be published on 26 May 2006.
Renishaw
30 November 2005
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 30/11/2005 05:02:10 PM Produced by the JSE SENS Department
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