This is probably because you didn't select the correct font into the device context. Try this :
tstring subItemText;
CDC* pDc = GetListCtrl().GetDC();
CFont *normalfont = GetListCtrl().GetFont() ;
CFont *oldfont = pDc->SelectObject(normalfont) ;
for (int row = GetItemCount() - 1; row >= 0; --row)
{
subItemText = _T("");
for (int col = 0; col < NumCol; ++col)
{
subItemText = this->GetSubItemString( GetItemData(row), col);
CSize sz;
// get length of the string in logical units, by default 1 unit == 1 pixel, type of font is accounted
sz = pDc->GetOutputTextExtent(subItemText.c_str());
if (static_cast<int>(sz.cx) > ColWidth[col])
ColWidth[col] = sz.cx;
}
}
pDc->SelectObject(oldfont) ;
GetListCtrl().ReleaseDC (pDc);
for (int col = 0; col < NumCol; ++col)
{
SetColumnWidth(col, ColWidth[col]);
}