Crookes Brothers profits down on lower sugar cane revenue

Agricultural firm Crookes Brothers said on Wednesday its after-tax profit decreased by 70.5% to R26.4 million in the six months ended September 2017, driven down by a decline in sugar cane revenue in the aftermath of drought. Crookes however said it expected results for the full year to March 2018 to recover, helped by a firming of deciduous fruit markets and its macadamia and property projects.