https://www.engineeringnews.co.za
Bell Equipment|Business|Financial|Equipment
Bell Equipment|Business|Financial|Equipment
bell-equipment|business|financial|equipment

Bell's full-year earnings fall

29th May 2020

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Local original-equipment manufacturer (OEM) Bell Equipment achieved headline earnings a share of 80c for the year ended December 31, while earnings a share were 79c.

This compares with headline earnings a share of 278c and earnings a share of 283c reported for the prior financial year.

Taking the current difficult economic circumstances into account, Bell has not declared a final gross cash dividend for the full year.

While liquidity has improved since the start of this year, in line with a lower investment in working capital, Bell said on May 29 that it had started to see a reduction in inventory levels in the first half of 2020.

Current inventory levels are considered to still be too high, but this together with the weaker rand, is expected to assist the group with its inventory realisation plans this year.

Steps have also been taken to reduce costs and rightsize the business to match demand, and Bell has confirmed that these actions will continue throughout this year.

Based on expected weak global market conditions, Bell expects its sales volumes for this year to be about 30% lower than those of 2019.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/03/2024)
15th March 2024 By: Martin Creamer
Magazine round up | 15 March 2024
Magazine round up | 15 March 2024
15th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.091 0.149s - 152pq - 2rq
Subscribe Now