Bell Equipment Limited - Profit Announcement
BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013656/06)
Share code: BEL ISIN: ZAE000028304
("Bell")
PROFIT ANNOUNCEMENT
Shareholders are hereby informed that the significant recovery in the strength
of the Rand has caused a substantial reduction in the expected profits for the
half-year ending 30 June 2003. This was anticipated and shareholders were
advised at the time of reporting our results for the year ended 31 December
2002. In that report we advised shareholders that at the then prevailing
exchange rates, export sales were only producing a marginal contribution. Since
that report the Rand has continued to strengthen which has had a further impact
on the group"s profitability.
By order of the Board.
H J BUTTERY
GROUP CHAIRMAN
DIRECTORS :
HJ Buttery (Group Chairman), GW Bell (Group Chief Executive), PC Bell, MA
Campbell, *PJC Horne, *DJJ Vlok, *TD Kgobe, *P Leroy (USA)
*GP Harris, *JW Kloet (USA), *MO Rysa (Finnish), (*Non Executive Directors)
ALTERNATE DIRECTORS :
PA Bell, DI Campbell, DB Rhind, *CD Anderson (USA), *MA Guinn (USA)
Company Secretary:
DP Mahony
Sponsor
Investec Bank Limited
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