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BEL - Bell Equipment Limited - Trading update

Release Date: 01/06/2009 11:53
Code(s): BEL
Wrap Text

BEL - Bell Equipment Limited - Trading update BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 Share Code: BEL ISIN: ZAE000028304 ("Bell" or "the Company") BELL TRADING UPDATE The unaudited management accounts (which have been prepared in terms of International Financial Reporting Standards) for the four months ended 30 April 2009 reflect an after tax loss of R74,6 million (April 2008: R168,4 million profit after tax). This translates into a loss per share of 73 cents (April 2008: 170 cents earnings per share) and a headline loss per share of 73 cents as compared to 170 cents headline earnings per share for the four months ended 30 April 2008. The disappointing results are as a result of a longer than expected severe downturn in demand for the groups products which to date has shown very little signs of improvement. The financial information in this trading update has not been reviewed and reported on by the Company`s auditors. A summary of the unaudited abridged financial statements for the period ended 30 April 2009 has been posted on our investor relations website. Richards Bay 1 June 2009 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 01/06/2009 11:53:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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