CROOKES BROTHERS LIMITED - Unaudited Condensed Consolidated Interim Results for the Six Months ended 30 September 2024

Unaudited Condensed Consolidated Interim Results for the Six Months ended 30 September 2024

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')

Unaudited Condensed Consolidated Interim Results for the Six Months Ended 30 September 2024 – Short Form
Announcement

The board of directors of Crookes Brothers Board ("the Board") presents the Group's unaudited condensed
consolidated interim financial results for the six months ended 30 September 2024 ("Interim Results").

                                                                      Six months        Six months
                                                                    ended 30 Sep      ended 30 Sep          %
 Financial overview                                     Index               2024              2023    change
 Continuing operations
 Revenue                                                R'000             519 055          490 758            6
 Operating profit before biological assets              R'000             163 285          150 275            9
 Change in fair value of biological assets              R'000            (68 756)          (42 187)        (63)
 Operating profit after biological assets               R'000              94 529          108 088         (13)
 Finance costs                                          R'000            (20 760)          (28 986)          28
 Discontinued operations
 Profit for the period from discontinued operations     R'000                    -           13 382       (100)
 Total operations
 Profit for the period                                  R'000              60 470            76 567        (21)
 Headline earnings                                      R'000              34 421            49 031        (30)
 Shareholders' equity                                   R'000           1 079 084         1 105 938         (2)
 Cash generated from operations                         R'000             126 383           111 901          13
 Net cash generated by operating activities             R'000              98 987            90 421           9
 Weighted average number of ordinary shares            shares          15 264 317        15 264 317           -
 Net asset value per share                              cents               7 069             7 245         (2)
 Cash flow from operating activities per share          cents               648,5             592,4           9
 Basic earnings per share                               cents               248,1             326,8        (24)
 Headline earnings per share                            cents               225,5             321,2        (30)

Dividend
The Board resolved not to declare an interim dividend for the six-month period ended 30 September 2024.

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

Company's website: https://www.cbl.co.za/wp-content/uploads/2024/11/IR30Sept24.pdf
JSE website:       https://senspdf.jse.co.za/documents/2024/jse/isse/cks/cblint.pdf

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

Durban
21 November 2024

JSE Sponsor to Crookes Brothers

Questco Corporate Advisory (Pty) Ltd

Date: 21-11-2024 02:00:00
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