CONTROL INSTRUMENTS GROUP LIMITED – TRADING STATEMENT
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
Share Code: CNL
(“Control Instruments” or “the Company” or “the Group”)
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 year ended 31 December 2013 represent the first full-year 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 year ended 31 December 2013 earnings per share is expected to be between 9.7
cents and 11.5 cents compared with a total loss per share of 24.28 cents, which included
earnings per share from continuing operations of 14.48 cents, in the corresponding period in
the previous year.
Headline earnings per share is expected to be between 9.4 cents and 11.2 cents compared
with a headline earnings per share of 6.58 cents, which included headline earnings per
share from continuing operations of 16.16 cents, in the corresponding period in the previous
The financial information in this trading statement has been compiled by the Control
Instruments directors using the accounting policies of Control Instruments for the year ended
31 December 2013. This trading statement is the sole responsibility of the Control
The financial information in this trading statement has been reviewed by the Company’s
auditors, Deloitte & Touche, and their unmodified report thereon is available for inspection at
the Company’s registered office during office hours until the publication of its results as set
The Company’s audited annual financial results for the year ended 31 December 2013 are
expected to be published on SENS on or about 12 March 2014.
11 February 2014
Investec Bank Limited
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