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BELL EQUIPMENT LIMITED - Trading Statement

Release Date: 14/08/2017 11:26
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”) are
expected to be at least 70% higher (47 cents higher) for the half
year ended 30 June 2017 when compared to the EPS and HEPS of 67
cents for the half year ended 30 June 2016. A further trading
statement for the half year ended 30 June 2017 will be released on
SENS once the Company has reasonable certainty regarding the extent
of the expected increase in its results for the half year ended 30
June 2017.

The expected increase in earnings is mainly due to the following:

-    An improvement in demand in especially the South African
     market.

-    Certain once-off recoveries during the period, including the
     recovery of a substantial customer account provided for in a
     prior period.

-    An improvement in the financial results of the Company’s
     subsidiary in the Democratic Republic of Congo in the half
     year ended 30 June 2017 compared with the same period last
     year, when significant losses were incurred as previously
     reported on.

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

The results for the half year ended 30 June 2017 are expected to
be announced on SENS on or about 31 August 2017.

Richards Bay
14 August 2017

Sponsor: INVESTEC BANK LIMITED





Date: 14/08/2017 11:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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