04 Aug 2010

Control Instruments expects to narrow loss

Johannesburg – Automotive component producer Control Instruments Group [JSE:CNL] said on Wednesday that it expected the loss per share for the six months to June 2010 to reduce by between 75% and 90% compared with the loss per share of 8.75c per share for the same period in 2009.

In a trading statement, the company said the reduction in its headline loss per share is expected to be between 75% and 90% compared with the headline loss per share of 8.76c per share for the first six months of 2009.

The interim results of the group for the six months ended June 30 2010 will be released on or about September 6.

- I-Net Bridge

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