CROOKES BROTHERS LIMITED - Year end results

Year end results

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”)


Summarised Results for the Year-Ended 31 March 2020


The Crookes Brothers Board (“the Board”) is pleased to present a summary of the Company’s results for the year
ended 31 March 2020.

Salient Features

                                                                                       Year-ended 31     Year-ended 31
                                                                                         March 2020        March 2019
                                                                              %
                                                                         Change                  R000             R000
 Total revenue                                                                 6              703 677           665 693
 Net asset value per share                                                     1                6 983             6 942
 Basic earnings (cents per share)                                           (66)                  57,2            167,6
 Headline earnings (cents per share)                                       (133)                (48,5)            145,0
 Weighted average number of ordinary shares                                    -           15 264 317        15 264 317

 Cash generated from operations                                              (27)              86 188           117 948


The information in the short form announcement has been extracted from the audited financial statements for the year
ended 31 March 2020. This announcement itself has not been audited.

The Board continues to maintain a conservative dividend policy and has taken the decision not to declare a final
dividend (2019: nil).


Full announcement
This short-form announcement is the responsibility of the Directors of the Company and it is only a summary of the
information in the full announcement and does not contain full or complete details, which is available for viewing on the
following websites:

Company’s website: www.cbl.co.za
JSE website:    https://senspdf.jse.co.za/documents/2020/jse/isse/cks/cbl2020.pdf


The consolidated and company annual financial statements were audited by Deloitte & Touche who issued an
unmodified audit opinion on these financial statements. Their audit opinion, together with the accompanying financial
statements, can be viewed on the Company's website, which also provides more details on the key audit matters on
pages 9-10 of the annual financial statements.

Any investment decision by investors and/or shareholders should be based on consideration of the full announcement,
copies of which are also available for inspection at our offices and our sponsor’s offices on workdays during business
hours, at no charge.

Mount Edgecombe
03 July 2020

Sponsor: Sasfin Capital (a member of the Sasin Group)




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Date: 03-07-2020 05:43:00
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