To view the PDF file, sign up for a MySharenet subscription.


Release Date: 04/12/2020 11:57
Code(s): BEL     PDF:  
Wrap Text
Trading Statement

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


Shareholders are advised that the Company expects to report an
earnings loss per share and a headline loss per share of at least
10 cents, a reduction of 89 cents per share or 113% and of 90 cents
per share or 113% respectively, for the year ended 31 December
2020 when compared to the earnings per share and headline earnings
per share of 79 cents and 80 cents respectively for the year ended
31 December 2019. A further trading statement for the year ended
31 December 2020 will be released on SENS once the Company has
reasonable certainty regarding the extent of the expected decrease
in its results for the year ended 31 December 2020.

The expected decrease in earnings is mainly due to weak economic
conditions and the impact of measures taken by governments globally
to curb the spread of the COVID-19 pandemic which has had a
negative impact on production and sales performance.

The Company has generated positive cashflow during the year, mainly
due to a more conservative outlook on sales, lower production
volumes and reducing inventory in line with market demand.

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

The results for the year ended 31 December 2020 are expected to be
announced on SENS on or about 26 March 2021.

Richards Bay
4 December 2020


Date: 04-12-2020 11:57:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story