- Crookes Brothers Limited -
Latest News and Information
 
  • The September 2011 interim results are now available - Click HERE
 
 
Group Highlights
 
  • Profit for the year up by 459% to R113,2 million

  • Headline earnings per share up by 127% to R2,04

  • Cash generated by operations up by 22% before the payment of capital gains tax

  • Total dividend up by 129% to R1,60 per share, including the payment of a special dividend of R0,50 per share in January 2011

  • The sale of the Komati Estate to the Department of Land Affairs concluded in June 2010 with the receipt of the capital proceeds of R200 million and the signing of an agreement with the Department to lease back the estate for a five-year period, renewable for a further five years

  • Several strategic projects in an advanced stage of evaluation, planning and implementation including expansion of the cane plantations in Swaziland and the deciduous orchards in the Western Cape
 
 

 

Group profile
 

The involvement of the Crookes family in the South African sugar industry was initiated in the 1860s when Samuel Crookes first planted cane at Renishaw on the KwaZulu- Natal South Coast. Since then the family has established a proud tradition in the development of the industry. Crookes Brothers was incorporated in 1913 to take over and manage part of the family interests and in 1948 the company was
listed on the Johannesburg Stock Exchange.

The Crookes Brothers group today produces a range of primary agricultural products, with sugar cane being the largest contributor to both revenue and profits. The group also farms bananas, deciduous fruit, grain and sheep on properties located in South Africa, Swaziland and Zambia.

The success of our business model depends on producing quality agricultural products in an efficient and cost effective manner and is achieved by applying appropriate technology and best practice farming methods to achieve optimal results from a portfolio of quality farms under our management.

At Crookes Brothers we are proud of our heritage and maintain the highest standards of integrity, respect and transparency in dealing with all stakeholders. We are committed to the upliftment of the communities in which we operate and support efforts to transform the agricultural sector. The group aims to be an employer of choice, providing a working environment that is challenging and rewarding, free of discrimination based on race or gender. A culture of training and development is maintained to provide scope for employees to achieve their individual goals and potential.

It is our mission to maintain and build on our position as a major player in the agricultural sector in southern Africa without compromising our values, culture and legacy.

   
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