Bell's full-year earnings fall
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.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation