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Bell Equipment Limited - Profit Announcement

Release Date: 08/05/2003 17:00
Code(s): BEL
Wrap Text

Bell Equipment Limited - Profit Announcement BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/013656/06) Share code: BEL ISIN: ZAE000028304 ("Bell") PROFIT ANNOUNCEMENT Shareholders are hereby informed that the significant recovery in the strength of the Rand has caused a substantial reduction in the expected profits for the half-year ending 30 June 2003. This was anticipated and shareholders were advised at the time of reporting our results for the year ended 31 December 2002. In that report we advised shareholders that at the then prevailing exchange rates, export sales were only producing a marginal contribution. Since that report the Rand has continued to strengthen which has had a further impact on the group"s profitability. By order of the Board. H J BUTTERY GROUP CHAIRMAN DIRECTORS : HJ Buttery (Group Chairman), GW Bell (Group Chief Executive), PC Bell, MA Campbell, *PJC Horne, *DJJ Vlok, *TD Kgobe, *P Leroy (USA) *GP Harris, *JW Kloet (USA), *MO Rysa (Finnish), (*Non Executive Directors) ALTERNATE DIRECTORS : PA Bell, DI Campbell, DB Rhind, *CD Anderson (USA), *MA Guinn (USA) Company Secretary: DP Mahony Sponsor Investec Bank Limited

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