Bell Equipment, the listed manufacturer and distributor of heavy industrial equipment, says it has generated positive cash flow during the first half of 2020, but expects a sharp drop in profits as Covid-19 batters SA’s economy.

Headline earnings per share, a widely used profit measure that strips out exceptional items, is expected to fall at least 80% in the six months to end-June, from 164c previously, due to weak economic conditions, particularly in SA, the group said in a trading update...

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