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CONTROL INSTRUMENTS GROUP LIMITED - Trading Statement

Release Date: 29/07/2013 11:45
Code(s): CNL     PDF:  
Wrap Text
Trading Statement

CONTROL INSTRUMENTS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
Share Code: CNL
ISIN: ZAE000001665
(“Control Instruments” or “the Company” or “the Group”)


TRADING STATEMENT


In terms of the JSE Limited Listings Requirements, companies are required to publish a
trading statement as soon as it is reasonably certain that their financial results for the current
reporting period will differ from the previous corresponding period by more than 20%.

The results for the six months ended 30 June 2013 represent the first reporting period
following the Group’s repositioning during 2012 into a focused automotive aftermarket
business, servicing the South African and sub-Saharan Africa markets.

For the six months ended 30 June 2013 earnings per share is expected to be between 5.4
cents and 6.1 cents compared with a total loss per share of 37.81 cents, which included
earnings per share from continuing operations of 4.93 cents, in the corresponding period in
the previous year.

Headline earnings per share is expected to be between 5.4 cents and 6.0 cents compared
with a headline earnings per share of 3.24 cents, which included headline earnings per share
from continuing operations of 6.58 cents, in the corresponding period in the previous year.

The financial information on which this trading statement is based has not been reviewed or
reported on by the Group’s auditors.

The results of the Company for the six months ended 30 June 2013 are expected to be
released on SENS on or about 12 August 2013.

Cape Town
29 July 2013

Sponsor
Investec Bank Limited

Date: 29/07/2013 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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