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.© Business Day
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.