HLM
HLM
HLM - Hulamin Limited - Voluntary Trading Statement
Hulamin Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1940/013924/06)
Share Code: HLM
ISIN: ZAE000096210
(`Hulamin` or `the Company`)
VOLUNTARY TRADING STATEMENT
Hulamin will report its financial results for the six months ended 30 June 2007
on 24 July 2007.
Hulamin increased its sales volumes by 6% in the first half of 2007 compared to
the first half of 2006. This volume increase and an enhanced product mix,
coupled with the weaker Rand and higher aluminium prices led to an increase in
sales revenue of 37% to approximately R3,3 billion. Operating profit before
corporate structuring costs is expected to be 10% lower at approximately R171
million.
During the period Hulamin incurred once off corporate structuring costs of
approximately R160 million, being primarily the IFRS2 cost on the introduction
of the BEE investors. The expensing of these exceptional costs has led to a
headline loss of approximately R70 million or 33 cents per share.
The above information has not been reviewed or reported on by the Company`s
auditors.
20 July 2007
Pietermaritzburg
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/07/2007 16:00:05 Produced by the JSE SENS Department.
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