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BELL EQUIPMENT LIMITED - Trading Statement

Release Date: 28/11/2017 13:45
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
both expected to be at least 150 cents for the year ended 31
December 2017 when compared to the EPS and HEPS of 39 cents for
the year ended 31 December 2016. A further trading statement for
the year ended 31 December 2017 will be released on SENS once the
Company has reasonable certainty regarding the extent of the
expected increase in its results for the year ended 31 December
2017.

The expected increase in earnings is mainly due to the following:
  - An improvement in demand in the markets in which the group is
    active.
  - Certain once-off recoveries during 2017, including the
    recovery of a substantial customer account provided for in a
    prior period.
  - Good cost containment.
  - An improvement in the financial results of the Company’s
    subsidiary in the Democratic Republic of Congo in 2017
    compared with 2016 when significant losses were incurred as
    previously reported on.
  - The depreciation in the Rand in the second half of 2017.

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 year ended 31 December 2017 are expected to be
announced on SENS on or about 16 March 2018.





Richards Bay

28 November 2017
Sponsor: INVESTEC BANK LIMITED






Date: 28/11/2017 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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