Revenue for the period was flat at R268.9m caused by large distributors reducing inventory levels in the supply chain.
Operating profit was up 4% to R13.83m.
"Despite the slowdown in consumer spending‚ Control Instruments has remained committed to its investment in marketing and sales within its distribution channel and to the introduction of new brands to the market.
"This continued investment will provide a solid platform for the business‚ its brands and its route to the market in the medium- to long-term‚" the company said in a statement.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
