CNL - Control Instruments Group Limited - Trading statement
CNL
CNL
CNL - Control Instruments Group Limited - Trading statement
CONTROL INSTRUMENTS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
Share Code: CNL
ISIN: ZAE000001665
("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%.
For the six months ended 30 June 2011 the loss per share is expected to
be between 4.9 cents and 5.7 cents and the headline loss per share is
expected to be between 4.3 cents and 5.1 cents.
The Group reported earnings per share of 1.61 cents and headline
earnings per share of 1.73 cents for the year ended 31 December 2010
and a loss of 1.26 cents per share and a headline loss of 1.20 cents
per share for the six months ended 30 June 2010.
Significantly tougher than expected trading conditions were experienced
in the second quarter, particularly in the OEM sector, and this
negatively affected the Group`s results for the period.
The financial information on which this trading statement is based has
not been reviewed or reported on by the Company`s auditors. The results
of the Company for the six months ended 30 June 2011 will be released
on SENS on or about 15 August 2011.
Cape Town
3 August 2011
Sponsor
Investec Bank Limited
Date: 03/08/2011 15:26:02 Produced by the JSE SENS Department.
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