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Unaudited Interim Results for the period ended 30 June 2023
BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
(“Bell Equipment” or “the Company”)
UNAUDITED INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2023
INTRODUCTION
Bell Equipment is a Proudly South African and global Company with more than 69 years of experience in the manufacture,
distribution and support of materials handling equipment. Our comprehensive network of Bell branches and independent dealers
supplies equipment solutions, ancillary products and after-sales services to the agriculture, forestry, waste handling,
construction and mining industries worldwide.
The content of this short form announcement is the responsibility of the board of directors of the Company.
Shareholders are advised that this short form announcement represents a summary of the information contained in the full
announcement and does not contain full or complete details of the financial results.
Any investment decisions by investors should be based on a consideration of the full announcement as a whole and investors
are encouraged to review the full announcement, which is available for viewing on the Company’s website (www.bellir.co.za).
Link to full results https://senspdf.jse.co.za/documents/2023/jse/isse/BEL/Interim23.pdf
The full announcement is also available for inspection, at no charge, at the registered office of the Company,
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900 and at the offices of Bell Equipment Limited’s sponsor,
Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton, during normal business hours from Monday, 11 September 2023.
Investors may request copies of the full announcement from the Company Secretary (Diana.Mcilrath@bellequipment.com).
FINANCIAL AND OPERATING RESULTS
Six months Six months
ended ended
30 June 2023 30 June 2022 % change
R'000 R'000
Revenue 6 004 256 4 229 344 42
Profit from operating activities 535 881 307 819 74
Profit for the period 348 908 210 331 66
Net cash outflow for the period (397 818) (176 716) 125
Earnings per share (basic)(cents) 343 209 64
Headline earnings per share (basic)(cents) 343 210 63
Net asset value per share (cents) 5 134 4 189 23
Dividend per share (cents) - - -
DIVIDEND
In line with the group’s decision at the end of the previous interim period and with a view to allocating cash for targeted growth
and inventory investment, the Board resolved not to declare an interim dividend.
A shareholders’ presentation will be made available on the Company’s website.
On behalf of the board
Gary Bell Leon Goosen
Chairman Chief Executive
Richards Bay
11 September 2023
DIRECTORS
Non-executive
GW Bell (Chairman), HR van der Merwe* (Lead Independent), DH Lawrance*, ME Ramathe*, R Naidu*, U Maharaj*, M Geyer*, AJ Bell
* Independent
Executive
L Goosen** (Group Chief Executive), A Goordeen (Alternate), KJ van Haght (Group Finance Director)
** Resigned: L Goosen resigned as Group Chief Executive with effect from 31 December 2023.
Company Secretary
D McIlrath
Registered Office
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900
Transfer Secretaries
JSE Investor Services Proprietary Limited
One Exchange Square, Gwen Lane, Sandown, Sandton, 2196
Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196
Auditors
Deloitte & Touche
www.bellir.co.za
Date: 11-09-2023 11:15:00
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