HLM - Hulamin Limited - Trading Statement For The Year To December 2008
HLM
HLM
HLM - Hulamin Limited - Trading Statement For The Year To December 2008
HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share Code: HLM
ISIN: ZAE000096210
("Hulamin" or "the company")
TRADING STATEMENT FOR THE YEAR TO DECEMBER 2008
Hulamin advises that operating profit for the year ending 31 December 2008 is
expected to be between R457 million and R468 million, reflecting an increase of
between 20% and 23% over the operating profit (before corporate structuring
costs) for the corresponding period in 2007. Earnings and headline earnings are
expected to be between R259 million and R266 million or between 120 cents per
share and 123 cents per share.
The second half of the year has been marked by an ongoing softening in the local
and global economic environment which has resulted in a lower level of activity
across both local and international customers. Inflationary pressures also
continued to impact on input costs.
The above information has not been reviewed or reported on by the company`s
auditors.
Audited results for the year ended 31 December 2008 are expected to be released
on SENS on or about 10 February 2009.
11 December 2008
Pietermaritzburg
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/12/2008 15:18:19 Produced by the JSE SENS Department.
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