BELL EQUIPMENT LIMITED - Unaudited Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2024

Unaudited Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2024

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
("Bell Equipment" or "the Company")

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2024

INTRODUCTION

Bell Equipment is a Proudly South African and global company with 70 years of experience in the manufacture,
distribution and support of materials handling equipment. Our comprehensive network of Bell branches and independent dealers
supplies equipment solutions, ancillary products and after-sales services to the agriculture, forestry, waste handling, 
construction and mining industries worldwide.

The content of this short form announcement is the responsibility of the board of directors of the Company and has not been
audited or reviewed by the company's auditors.

Any investment decisions by investors should be based on a consideration of the full announcement as a whole and investors are
encouraged to review the full announcement, which is available for viewing on the Company's website (www.bellir.co.za).

Link to full results https://senspdf.jse.co.za/documents/2024/jse/isse/BEL/Interim24.pdf

FINANCIAL AND OPERATING RESULTS 
                                                                           Six months         Six months
                                                                                ended              ended
                                                                         30 June 2024       30 June 2023          % change
                                                                                R'000              R'000
Revenue                                                                     6 379 770          6 004 256                6
Profit from operating activities                                              526 746            535 881               (2)
Profit for the interim period                                                 326 686            348 908               (6)
Net cash inflow (outflow) for the period                                       80 528           (397 818)             120
Earnings per share (basic)(cents)                                                 322                343 	       (6)
Headline earnings per share (basic)(cents)                                        321 	             343 	       (6)
Net asset value per share (cents)                                               5 777              5 134               13
Dividend per share (cents)                                                          -                  -                -

DIVIDEND CONSIDERATION
In accordance with the Implementation Agreement regulating the proposed Scheme of Arrangement (Scheme) in terms of which
IA Bell and Company (Pty) Ltd (IAB) may acquire certain issued shares in the Company (IAB Offer), no dividends will be declared, 
paid or made by the Company. 

On behalf of the board

Gary Bell                      Ashley Bell
Chairman                       Chief Executive 

Richards Bay
9 September 2024


DIRECTORS
Non-executive
GW Bell (Chairman), HR van der Merwe* (Lead Independent), 
DH Lawrance*, ME Ramathe*, R Naidu*, U Maharaj*, M Geyer*
*Independent

Executive
AJ Bell (Group Chief Executive), A Goordeen (Alternate), 
KJ van Haght (Group Finance Director)

Company Secretary
D McIlrath

Registered Office
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900

Transfer Secretaries
JSE Investor Services Proprietary Limited
One Exchange Square, Gwen Lane, Sandown, Sandton, 2196

Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196

Auditors
PricewaterhouseCoopers Inc.

www.bellir.co.za


Date: 09-09-2024 12:30:00
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