BEL
BEL
BEL - Bell Equipment Limited - Trading Statement
BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
Share Code: BEL ISIN: ZAE000028304
("the Company" or "the group")
TRADING STATEMENT
The Company`s results for the year to December 2010 are expected to show an
improvement of at least 20% from those reported for the year to December 2009 -
due to an improvement in trading conditions and the benefits derived from the
Company`s cost reduction efforts it is estimated that the group will be
achieving break even (or possibly a marginal profit) by year-end as opposed to
the R271 million loss for the 2009 financial year. The group is therefore
required in terms of the JSE Limited ("JSE") Listings Requirements to issue a
trading statement. However, in view of the volatility in exchange rates and the
uncertainty as to timing of finalization, and hence delivery, of certain orders
ahead of year end, the projection of results to 31 December 2010 cannot be given
with any certainty.
It is expected that a further trading statement for the year to December 2010
will be issued later in the reporting period, which should be in March 2011.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s external auditors.
Richards Bay
15 December 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/12/2010 11:00:01 Produced by the JSE SENS Department.
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