http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.70Change: 0.01
R/$ = 12.46Change: 0.06
Au 1155.15 $/ozChange: -1.34
Pt 1038.50 $/ozChange: -4.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 13, 2012

Bell half-year profits climb, confident of future

Back
Paris|Africa|Bell Equipment|Resources|Africa|Asia|Europe|South Africa|Capital Equipment Manufacturer|Equipment|Gary Bell|Infrastructure|Michael Mun-Gavin|Australasia|Sub-Saharan Africa
|Africa|Bell Equipment|Resources|Africa|||Equipment|Infrastructure||
paris|africa-company|bell-equipment|resources|africa|asia|europe|south-africa|capital-equipment-manufacturer|equipment|gary-bell|infrastructure|michael-mun-gavin|australasia|subsaharan-africa
© Reuse this



Capital equipment manufacturer Bell Equipment recorded improved profitability in the six months to June, as a 35% increase in sales pushed the company’s earnings to R151-million, up from R115-million in the first half of 2011.

Chairperson Michael Mun-Gavin said that Bell’s basic earnings increased to 143c a share, compared with 109c a share in the first half of 2011, and headline earnings reached 141c, up from 105c in the comparative prior six-month period.

Mun-Gavin, who expected this performance to continue throughout the remainder of the year, added that gearing returned to 20%, which was in line with the JSE-listed group's strategic aims.

Bell maintained its position in the domestic market and reported market share growth in Europe, Australasia and sub-Saharan Africa, despite global economic volatility. Revenue jumped from R2.1-billion in the first half of 2011, to R2.9-million in the first six months of this year.

Bell also introduced a new “state-of-the-art” truck range at the Intermat Exhibition in Paris earlier this year to maintain a technological advantage and offer its clients higher productivity, greater durability and lower lifetime operating costs, said Bell CEO Gary Bell.

Meanwhile, Bell said that the group was gearing up to take advantage of the positive short- to medium-term outlook, which included above average-economic growth and infrastructure development in Africa and Asia, as well as growing demand for many resources.

The group is also upbeat about South Africa’s infrastructure plans.

“We are in discussions with government to see how we can add to our direct and indirect employment in South Africa and stand to benefit from various government initiatives relating to infrastructure, economic development, job creation, local value addition and local procurement,” he added.

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Updated 7 hours ago The South African market has been included as one of Spain’s 16 “priority markets” as the European country intensifies its efforts to raise exports in the wake of the global economic crisis and as its companies move to diversify their foreign direct investments to...
Updated 7 hours ago Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20-billion of government arrears, a reform proposal document shows. Buhari, who won a shock election...
Finance Minister Nhlanhla Nene
Updated 7 hours ago Following its submission to Finance Minister Nhlanhla Nene in December, the Davis Tax Committee (DTC) on Tuesday publicly released its first interim report on value-added tax (VAT) for public comment. Interested parties had until September 30 to comment on the report...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
NHLANHLA NENE The main constraints to economic growth are domestic
Finance Minister Nhlanhla Nene earlier this month stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the country’s challenges.
The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use.
The 25-year master plan for Gauteng’s Aerotropolis project will go through a process of approval and adoption during June and July, says Aerotroplis project manager Jack van der Merwe. “We are also in the process of putting together a special purpose vehicle (SPV) to...
SOLAR PANELS The existing buildings in the Coega Industrial Development Zone lent themselves well to rooftop solar panel installations
The Coega Development Corporation (CDC) plans to fit 15 of its buildings, totalling 127 000 m2 of roof space, in the Coega Industrial Development Zone (IDZ), in the Eastern Cape, with solar panels.
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96