Provisional Results for the year ended 31 December 2020

Provisional Results for the year ended 31 December 2020

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



Bell Equipment is a Proudly South African company with more than 60 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.

The condensed consolidated financial statements for the 12 months ended 31 December 2020 from which this
short form announcement has been extracted, have been reviewed by the Company's auditors, Deloitte & Touche,
who issued an unmodified review conclusion report thereon. The auditor's review conclusion and the
condensed financial statements are available on the Company's website at

Shareholders are advised that this short form announcement represents a summary of the information contained
in the full announcement and does not contain full or complete details of the financial results.

Any investment decisions by investors and/or shareholders should be based on a consideration of the full
announcement as a whole and shareholders are encouraged to review the full announcement, which is available
for viewing on the Company's website (

Link to full results

The full announcement is also available for inspection, at no charge, at the registered office of the Company,
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900 and at the offices of Bell Equipment Limited's sponsor,
Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton, during normal business hours from Wednesday,
14 April 2021. Investors and/or shareholders may request copies of the full announcement from the Company
Secretary (

	 	    					    2020	         2019	        % change
	 	  			    		   R'000 	        R'000
Revenue					      	       6 690 277 	    7 823 169		     (14)
Profit from operating activities			  35 618 	      218 483		     (84)
(Loss) profit for the year				 (57 159)	       52 263		    (209)
Net cash inflow (outflow) for the year		         176 319 	     (305 710)		     158 
(Loss) earnings per share (basic)(cents)		     (67) 	           70		    (196)
Headline (loss) earnings per share (basic)(cents)	     (31) 	           71		    (144)
Net asset value per share (cents)			   3 664	        3 542	  	       3 

In the current difficult economic circumstances, the board of directors has resolved not to declare a final
dividend for the year ended 31 December 2020 (2019: no dividend declared).

On behalf of the board

Gary Bell			Leon Goosen
Chairman 			Chief Executive

Richards Bay
14 April 2021

GW Bell (Chairman), JR Barton* (Lead Independent),
DH Lawrance*, HR van der Merwe*, ME Ramathe*, R Naidu*, AJ Bell

L Goosen (Group Chief Executive), KJ van Haght (Group Finance Director)

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

Company Secretary
D McIlrath

Transfer Secretaries
JSE Investor Services Proprietary Limited
19 Ameshoff Street, Johannesburg, 2001

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

Deloitte & Touche

Date: 14-04-2021 04:27:00
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