The report covers the performance of the Crookes Brothers Limited group for the year ended 31 March 2018. The company experienced a challenging year with a headline loss of R7.7 million due to weak sugar and deciduous fruit prices, and the ongoing drought in South Africa. Highlights include a record harvest of 200 tons (dry nut in shell) of macadamias at the Murrimo Macadamias farm in Mozambique, the sale of 92 units at the Renishaw Hills Mature Lifestyle Village, and the successful resolution of the Renishaw land claim, which will unlock significant land sales for the group. The company is also making progress with its transformation initiative, with South African assets now held under Crookes Brothers SA, and a revised BBBEE accreditation yielding a level 3 rating.
