Bell Equipment Limited provided earnings guidance for the half year ended June 30, 2019. For the period, the company expects earnings per share (EPS) and headline earnings per share (HEPS) for the half year ended 30 June 2019 to be between 160 and 170 cents (or between 21% and 30% higher), compared with EPS and HEPS of 132 cents and 131 cents respectively for the half year ended 30 June 2018. The expected increase in earnings is mainly due to the following: A modest increase in revenue in most markets. Net foreign currency gains during the current period compared with foreign currency losses in the comparative period due to a sharp weakening of the Rand against the Euro and the USD in the month of June 2018 which had a negative impact on the revaluation of foreign currency payables. Certain once-off recoveries during the current period.