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Updated trading statement
BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“Bell Equipment” or “the Company”)
UPDATED TRADING STATEMENT
Shareholders are referred to the trading statement released on
SENS on 20 November 2015 wherein it was reported that the
Company’s earnings per share (“EPS”) were expected to be at
least 100% higher (67 cents higher) and headline earnings per
share (“HEPS”) were expected to be at least 159% higher (78
cents higher) for the financial year ended 31 December 2015
(“the period”) when compared to the EPS and HEPS of 67 cents and
49 cents, respectively, for the year ended 31 December 2014.
Bell Equipment herewith reports that it expects EPS for the
period to be between 172 and 182 cents (or between 157% and 172%
higher) and HEPS for the period to be between 162 and 172 cents
(or between 231% and 251% higher), compared with EPS and HEPS of
67 cents and 49 cents, respectively, for the year ended 31
December 2014.
Commodity and construction industry related demand for equipment
contracted further in 2015 and the expected increase in earnings
is mainly due to right-sizing and cost reduction initiatives,
foreign currency gains during the year and increased penetration
of the North American market.
Audited results for the period are expected to be announced on
SENS on or about 15 March 2016.
The financial information on which this trading statement is
based has not been reviewed and reported on by the Company's
external auditors.
Richards Bay
8 March 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/03/2016 04:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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