Crookes Brothers Limited (JSE:CKS) News - Year end results and dividend declaration

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 2021 and dividend declaration

The Crookes Brothers Board (“the Board”) is pleased to present a summary of the Company’s results for the
year ended 31 March 2021.

                                                                  Year ended        Year ended           %
Salient Features                                     Index     31 March 2021     31 March 2020     change
Revenue                                              R’000            635 583           703 677       (10)
Operating profit                                     R’000             97 859            56 503         73
Share of profit of joint venture and associates      R’000             13 628              3 958      244
Profit for the year                                  R’000             42 807            23 688         81
Headline earnings/(loss)                             R’000             41 552            (7 402)      661
Shareholders’ equity                                 R’000          1 089 667         1 065 938          2
Cash generated from operations                       R’000            102 282            86 188         19
Weighted average number of ordinary shares          shares         15 264 317        15 264 317           -
Basic earnings per share                             cents              152,2               57,2      166
Headline earnings/(loss) per share                   cents              272,2             (48,5)      661
Cash flow from operating activities per share        cents              344,5              156,5      120
Net asset value per share                            cents              7 139              6 983         2
Dividend per share                                   cents               50,0                  -      100

The information in the short form announcement has been extracted from the audited financial statements
for the year ended 31 March 2021. This announcement itself has not been audited.

Cash dividend declaration

The board of directors, ("the board") has resolved to declare a final gross cash dividend of 50.00000 cents per
ordinary share ("the cash dividend") to ordinary shareholders recorded in the register of the company at the
close of business on Friday, 6 August 2021.

In respect of the final gross cash dividend:
     • the dividend has been declared from income reserves;
     • the dividend withholding tax rate is 20% resulting in a net dividend of 40.00000 cents per share to
        those shareholders who are not exempt from dividend withholding tax;
     • Crookes Brothers Limited tax reference number is 9696/001/71/9; and
     • the issued number of shares as at declaration date is 15 264 317.

The cash dividend will be paid on Tuesday, 10 August 2021 to shareholders recorded in the books of the
company at close of business on the record date Friday, 6 August 2021.

The salient dates of the declaration and payment of these dividends are as follows:

       Last day to trade cum-dividend:               Tuesday, 3 August 2021
       Shares commence trading ex-dividend:          Wednesday, 4 August 2021
       Record date:                                  Friday, 6 August 2021
       Payment date:                                 Tuesday, 10 August 2021

Share certificates may not be dematerialised or re-materialised between Wednesday, 4 August 2021 and
Friday, 6 August 2021, both days inclusive.




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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: http://www.cbl.co.za/wp-content/uploads/2021/06/SENS_2021.pdf
JSE website:       https://senspdf.jse.co.za/documents/2021/jse/isse/cks/cbl2021.pdf


The consolidated and company annual financial statements were audited by BDO 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: http://www.cbl.co.za/wp-
content/uploads/2021/06/AFS_2021.pdf, which also provides more details on the key audit matters.

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
30 June 2021

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




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Date: 30-06-2021 05:00:00
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