Control Instruments Group Limited - Trading Statem
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 code: ZAE000001665
("Control Instruments" or "the Company")
TRADING STATEMENT
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are 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 2006, Control Instruments expects to announce
an increase in revenue between 80% and 100% and an increase in profit before
taxation between 130% and 150%. As a result of a higher rate of taxation, profit
after tax is expected to increase between 100% and 120%.
Earnings per share is expected to increase between 40% and 60%, however headline
earnings per share is expected to decrease between 15% and 35%. The major reason
for this disparity is the IFRS requirement with respect to accounting for
negative goodwill.
Shareholders are advised that this information has not been reviewed or reported
on by the Company"s external auditors. Control Instruments" results for the six
months ended 30 June 2006 are expected to be published on SENS on or about 23
August 2006.
Cape Town
17 August 2006
Sponsor:
Investec Bank Limited
Date: 17/08/2006 02:44:40 PM Produced by the JSE SENS Department
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