BELL EQUIPMENT LIMITED - Unaudited Interim Results for the period ended 30 June 2022

Unaudited Interim Results for the period ended 30 June 2022

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 2022

INTRODUCTION

Bell Equipment is a Proudly South African and global company with more than 60 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/2022/jse/isse/BEL/Interim22.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 Friday, 9 September 2022.
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 2022		   30 June 2021		% change
     							          R'000	 	          R'000
Revenue							      4 229 344 	      3 843 374 	      10
Profit from operating activities			        307 819 		267 230		      15
Profit for the period					        210 331		        175 754		      20
Net cash (outflow) inflow for the period 		       (176 716)		264 214 	    (167)
Earnings per share (basic)(cents)			            209		            177	 	      18
Headline earnings per share (basic)(cents)			    210	 		    176 	      19
Net asset value per share (cents)	 		          4 189 		  3 779 	      11

DIVIDEND CONSIDERATIONS
In view of ongoing uncertainty globally, seen with potential further investment in the Company’s own operations due to 
the current improvement in market demand continuing during the second half of the financial year of 2022 and beyond, 
the Board resolved not to declare an interim dividend for the six-month period ended 30 June 2022 (30 June 2021: no interim 
dividend declared). 

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
9 September 2022


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)

Company Secretary
D McIlrath

Registered Office
13 - 19 Carbonode Cell Road, Alton, Richards Bay,
3900

Transfer Secretaries
JSE Investor Services Proprietary Limited
19 Ameshoff Street, Johannesburg, 2000

Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196

Auditors
Deloitte & Touche

www.bellir.co.za
Date: 09-09-2022 09:30:00
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