Bell Equipment Limited provided earnings guidance for the year ended 31 December 2016. The company's earnings per share (EPS) and headline earnings per share (HEPS) are expected to be at least 50% lower (at least 89 cents and at least 84 cents lower) for the year ended 31 December 2016 when compared to the EPS and HEPS of 177 cents and 167 cents, respectively, reported for the year ended 31 December 2015. The expected decrease in results is due to fraud and mismanagement in the company's subsidiary in the Democratic Republic of Congo (DRC), as previously communicated to shareholders; to continued depressed conditions in the markets and industries in which the company operates, and to uncertainty regarding the recoverability of certain receivables in the DRC, the extent of which the company cannot quantify at this stage.