Bell Equipment expects first-half earnings to rise by up to 87%
Bell Equipment, which distributes land clearing and construction equipment, expects headline earnings per share to rise by as much as 87% in the six months to June, from a year ago.
In an updated trading update on Tuesday, the company said it expected headline earnings per share to be between R1.15 and R1.25, from 67c a year ago.
The improved operational performance was as result of the better demand in the South African market, the company said in a statement.
The company also said it managed to turn around its business in the Democratic Republic of Congo, which marred its financial performance in the matching period a year ago.
The share price was relatively flat at R10.55 on the JSE on Tuesday afternoon, valuing the company at about R1bn.
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