BELL EQUIPMENT LIMITED - Updated Trading Statement

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 28 November 2017 wherein it was reported that the
Company’s earnings per share (“EPS”) and headline earnings per
share (“HEPS”) were expected to be at least 150 cents (111 cents
higher) for the year ended 31 December 2017 when compared to the
EPS and HEPS for the year ended 31 December 2016.

Shareholders are further advised that the Company’s earnings per
share (“EPS”) and headline earnings per share (“HEPS”) are now
both expected to be at least 240 cents (at least 201 cents and
at least 192 cents higher, respectively) for the year ended 31
December 2017 when compared to the EPS and HEPS of 39 cents and
48 cents respectively 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 and commensurate increases in production and
     sales volumes.
   - The weaker Rand against the Euro during most of the second
     half of 2017.
   - Good cost containment.
   - A reduction in the losses incurred by the Company’s
     subsidiary in the Democratic Republic of Congo.
   - Certain once-off recoveries during 2017, including the
     recovery of a substantial customer account provided for in
     a prior period

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


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

Richards Bay
2 March 2018

Sponsor: INVESTEC BANK LIMITED






Date: 02/03/2018 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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