http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 16.45Change: -16.29
R/$ = 14.27Change: -14.13
Au 1292.05 $/ozChange: -1.84
Pt 1079.50 $/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 About 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



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

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Manufacturing News
The African Development Bank (AfDB) has approved a $76.2-million (P850-million) loan to help Botswana fund new investment in agri-business, clean energy, services, infrastructure and manufacturing as part of efforts to broaden the country’s narrow economic base and...
One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the...
NO GROWING PAINS Chryso SA CEO Norman Seymore explains his company's continued growth despite depressed market conditions
Construction chemicals producer Chryso Southern Africa continues to innovate and expand, offsetting the decrease in major civil projects. Chryso Group VP and Chryso South Africa (SA) CEO Norman Seymore notes that, aside from a few high-profile building projects in...
More
 
 
Latest News
Updated 5 hours ago Transnet announced on Monday the implementation of a series of governance, control and monitoring measures to ensure the Original Equipment Manufacturers (OEMs) meet the company’s stringent localisation obligations and supplier development commitments. Transnet...
Updated 5 hours ago South African Civil Aviation Authority (SACAA) on Sunday said it had lifted the suspension of SA Express’ Air Operator Certificate (AOC). “This means that the airline may, with immediate effect, resume operating their fleet of 26 aircraft,” said SACAA in a statement.
Updated 7 hours ago US Democratic presidential front-runner Hillary Clinton begins a two-day tour on Monday through rural, traditionally coal-reliant parts of the eastern Appalachian region where Republican rival Donald Trump's pro-coal, anti-trade message has resonated with...
More
 
 
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
 
 
 
 
 
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
DOROS HADJIZENONOS The 700-series devices provide network security monitoring, app control, URL filtering, VPN security, antivirus, antispam, antibot, and advanced intrusion prevention and detection functionality
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...
 
 
 
 
 
 
 
 
 
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 $149 Close
Subscribe Now for $149