http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 15.06Change: 0.06
R/$ = 13.42Change: 0.03
Au 1133.36 $/ozChange: -2.13
Pt 1012.00 $/ozChange: -4.00
 
 
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)
 
 
 
 
 
 
 
 
Other Manufacturing News
Next year’s local government elections will be the most important ever held in South Africa’s recent democratic history, believes political analyst Daniel Silke. He says a more vulnerable, fragile ANC faces a shifting political landscape, and along with it, increased...
Article contains comments
The South African Petroleum Industry Association (Sapia) has called for the resolution of lingering uncertainty over the financing of the country's transition to new cleaner fuels standards, with chairperson Maurice Radebe warning that, unless urgent progress was...
Article contains comments
More
 
 
Latest News
Deputy President Cyril Ramaphosa
Deputy President Cyril Ramaphosa said on Wednesday that his attempts to improve the efficiency of South Africa's state-owned entities (SOEs) are not an attempt to get more votes in the 2016 Local Government Elections. He was updating the National Council of Provinces...
Frost & Sullivan ICT programme manager Gareth Mellon
It is increasingly widely accepted that deploying information and communication technology (ICT) infrastructure will bring about a surge in economic growth across Africa. However, the sourcing of billions of dollars required to deliver universal coverage was up for...
International advisory firm Merchantec’s CEO Confidence Index fell to 42.2 points in the third quarter of the year, compared with 45.4 points in the second quarter, remaining below the neutral 50-point level. This is the lowest score recorded in the Merchantec CEO...
More
 
 
Recent Research Reports
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
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.
 
 
 
 
 
This Week's Magazine
Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
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