CROOKES BROTHERS LIMITED - Interim Results for the Six Months ended 30 September 2023

Interim Results for the Six Months ended 30 September 2023

Crookes Brothers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS ISIN: ZAE000001434
("Crookes Brothers" or "the Company')

Interim Results for the Six Months Ended 30 September 2023 – Short Form Announcement

The board of directors of Crookes Brothers Board ("the Board") presents the Group's interim results for the six
months ended 30 September 2023 ("Interim Results").

                                                                 Six months       Six months
                                                              ended 30 Sep     ended 30 Sep          %
 Salient Features                                  Index               2023             2022*   change
 Revenue - continuing                               R'000            490 758          419 124       17
 Operating profit before biological assets -        R'000            150 275           90 080       67
 continuing
 Change in fair value of biological assets -        R'000           (42 187)         (81 242)        48
 continuing
 Operating profit after biological assets -         R'000            108 088            8 838     1 123
 continuing
 Finance costs - continuing                         R'000           (28 986)        (16 738)       (73)
 Profit/(loss) for the period - total               R'000             76 567        (25 552)       400
 Headline earnings/(loss) - total                   R'000             49 031        (29 567)       266
 Shareholders' equity                               R'000          1 105 938       1 220 213        (9)
 Cash generated from operations - total             R'000            111 901          28 902       287
 Weighted average number of ordinary shares        shares         15 264 317      15 264 317          -
 Basic earnings/(loss) per share - total           cents               326,8          (192,1)      270
 Headline earnings/(loss) per share - total        cents               321,2          (193,7)      267
 Net asset value per share                         cents               7 245            7 994       (9)
* Prior year re-presented to account for discontinued operations.

Dividend
The Board resolved not to declare an interim dividend for the six-month period ended 30 September 2023.

Full announcement
This short form announcement is the responsibility of the Board. It is only a summary of the information
contained in the full announcement and does not contain full or complete details of the information in the
full announcement, which is available for viewing on the following websites:

Company's website: https://www.cbl.co.za/wp-content/uploads/2023/11/IR30Sept23.pdf

JSE website:          https://senspdf.jse.co.za/documents/2023/jse/isse/cks/cblint.pdf

Any investment decision by investors and/or shareholders should be based on consideration of the full
announcement. Copies of the full announcement are also available for inspection at the registered office of
the Company or available from the Company Secretary: zngwenya@cbl.co.za on workdays during business
hours, at no charge.

Durban
29 November 2023

JSE Sponsor to Crookes Brothers

Questco Corporate Advisory (Pty) Ltd

Date: 29-11-2023 03:00:00
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