Crookes forecasts higher profits

Agricultural group Crookes Brothers (CKS) said on Tuesday it anticipated its headline earnings per share (HEPS) in the six months to September to rise to between 420 cents and 440 cents‚ from 275.6 cents in the same period a year ago.

Earnings per share will be between 425 cents and 445 cents‚ from 277.9 cents a year ago.

The improvement in earnings arises largely from the finalisation of the claim against the National Department of Land Affairs in respect of interest payable on the proceeds of the sale of its Komatipoort estate.

Without the additional interest income the earnings per share and headline earnings per share would be 178 cents lower. - I-Net Bridge