Bell Equipment Ltd 2016 IR
The report details Bell Equipment Limited's performance for the 2016 fiscal year, highlighting a challenging trading environment marked by depressed mining activity and the discovery of fraud in its DRC operation. Despite these challenges, the company successfully completed its E-series large truck range with a worldwide launch and introduced the B60E crossover truck. Financially, the group recorded a modest profit after tax of R39 million and generated a positive cash flow from operating activities of R88 million. On the sustainability front, the board approved a BBBEE ownership transaction for BESSA, positioning it as a 30% black women-owned entity.
Company: Bell Equipment Ltd
Sector: Manufacturing
Country: South Africa
Year: 2016
Type: IR
Pages: 92
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Bell Equipment Ltd
Integrated Annual Report
The report details Bell Equipment Limited's performance for the 2016 fiscal year, highlighting a challenging trading environment marked by depressed mining activity and the discovery of fraud in its DRC operation. Despite these challenges, the company successfully completed its E-series large truck range with a worldwide launch and introduced the B60E crossover truck. Financially, the group recorded a modest profit after tax of R39 million and generated a positive cash flow from operating activities of R88 million. On the sustainability front, the board approved a BBBEE ownership transaction for BESSA, positioning it as a 30% black women-owned entity.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Published
Mar 14, 2017
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available