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BELL EQUIPMENT LIMITED - Trading Statement

Release Date: 20/05/2014 16:29
Code(s): BEL     PDF:  
Wrap Text
Trading Statement

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“the Company”)

TRADING STATEMENT

In terms of the JSE Limited Listing Requirements (“Listings
Requirements”), companies are obliged to publish a trading
statement as soon as they are satisfied that a reasonable degree
of certainty exists that the financial results for the period to
be reported upon next will differ by at least 20% from the
financial results for the previous corresponding reporting
period.

Shareholders are accordingly advised that the Company’s earnings
per share (“EPS”) and headline earnings per share (“HEPS”) for
the six months to June 2014 are expected to be at least 70%
lower than the EPS and HEPS of 156 cents and 153 cents,
respectively, for the six months ended 30 June 2013. This
expected difference is mainly due to a reduction in demand from
the mining sector, which has had a negative impact on production
volumes at the Company’s production facilities.

In view of the volatility in exchange rates and uncertainty as
to the timing of the finalisation and delivery of certain sales
orders the Company cannot, with reasonable certainty, quantify
the extent of its results for the six months ending 30 June 2014
within the 20% range required by the Listings Requirements.

A further trading statement for the six months ending 30 June
2014 will be released on SENS once more certainty exists.

The forecast financial information on which this trading
statement is based has not been reviewed and reported on by the
Company’s external auditors.

Shareholders are reminded that the Company is still trading
under a cautionary.

Richards Bay
20 May 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Limited)

Date: 20/05/2014 04:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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