Control Instruments has continued the strong performance of the first half of its financial year, telling shareholders to expect a substantial boost to earnings.
In the six months to 30 July last year the group increased headline earnings per share to 19.3c, a 157% increase from the 7.51c a share earned in the same period a year before.
It has now told shareholders that it anticipates a "substantial" increase for the full year when compared with the previous financial year.
In terms of JSE definitions, that means earnings are expected to rise by a minimum of 30%.
At the interim stage MD Richard Friedman said the group`s positioning in its market meant prospects for the second half of the year were good.
A new vehicle and fleet telematics product was scheduled for a commercial launch in SA during the third quarter and globally in the last quarter.
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