Unaudited Interim Results for the period ended 30 June 2020
BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
("Bell Equipment" or "the Company")
UNAUDITED INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2020
INTRODUCTION
Bell Equipment is a Proudly South African company with more than 60 years of experience in the manufacture,
distribution and support of materials handling equipment. Our comprehensive network of Bell branches and
independent dealers supplies equipment solutions, ancillary products and after-sales services to the
agriculture, forestry, waste handling, construction and mining industries worldwide.
The content of this short form announcement is the responsibility of the board of directors of the Company.
Shareholders are advised that this short form announcement represents a summary of the information
contained in the full announcement and does not contain full or complete details of the financial results.
Any investment decisions by investors and/or shareholders should be based on a consideration of the full
announcement as a whole and shareholders are encouraged to review the full announcement, which is available
for viewing on the Company's website (www.bellir.co.za).
Link to full results https://senspdf.jse.co.za/documents/2020/jse/isse/BEL/Interim20.pdf
The full announcement is also available for inspection, at no charge, at the registered office of the Company,
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900 and at the offices of Bell Equipment Limited's sponsor,
Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton, during normal business hours from Tuesday,
8 September 2020. Investors and/or shareholders may request copies of the full announcement from the
Company Secretary (Diana.Mcilrath@bellequipment.com).
FINANCIAL AND OPERATING RESULTS
Six months Six months
ended ended
30 June 2020 30 June 2019 % change
R'000 R'000
Revenue 3 078 599 4 044 092 (24)
Profit from operating activities 773 272 028 (100)
(Loss) profit for the period (52 323) 152 332 (134)
Net cash inflow (outflow) for the period 444 545 (124 342) 458
(Loss) earnings per share (basic)(cents) (48) 165 (129)
Headline (loss) earnings per share (basic)(cents) (31) 164 (119)
Net asset value per share (cents) 3 858 3 650 6
DIVIDENDS
In the current difficult economic circumstances and the global uncertainty caused by the COVID-19 pandemic, the
board of directors has resolved not to declare an interim dividend for the six-month period ended 30 June 2020
(June 2019: 20 cents per share).
On behalf of the board
Gary Bell Leon Goosen
Chairman Chief Executive
Richards Bay
7 September 2020
DIRECTORS
Non-executive
GW Bell (Chairman), JR Barton* (Lead Independent),
DH Lawrance*, HR van der Merwe*, ME Ramathe*, R Naidu*, AJ Bell
*Independent
Executive
L Goosen (Group Chief Executive), A Goordeen (Alternate),
KJ van Haght (Group Finance Director)
Registered Office
13 - 19 Carbonode Cell Road, Alton, Richards Bay,
3900
Company Secretary
D McIlrath
Transfer Secretaries
Link Market Services South Africa Proprietary Limited
19 Ameshoff Street, Johannesburg, 2001
Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196
Auditors
Deloitte & Touche
www.bellir.co.za
Date: 07-09-2020 03:25:00
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. |
