Crookes Brothers publishes 2026 annual report
Reuters2026/07/30 12:28- Crookes Brothers released its annual report for the year ended March 31, 2026, outlining a strategic reset toward core sugar and banana operations.
- Funding for the Mozambique macadamia investment was halted in January 2026, triggering an orderly exit and a full write-down of the carrying value.
- Sugar operations stayed broadly on budget, though profitability weakened on low prices, import pressure, currency strength, higher input costs.
- Bananas delivered a stronger operating outcome on higher volumes, better pricing, efficiency gains; expansion, packhouse upgrades, branding remained priorities.
- Property operations showed improved sales momentum at Renishaw Hills, though earnings were hit by delayed land-sale transactions.
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