HLM
HLM
HLM - Hulamin - Trading Update
HULAMIN LIMITED
Registration number 1940/013924/06
(Incorporated in the Republic of South Africa)
ISIN: ZAE000096210
JSE Code: HLM
("Hulamin" or "the Company")
TRADING UPDATE
The R970 million Rolled Products expansion project has been successfully
completed ahead of schedule. This project has increased the rolled products
capacity by approximately 20% and is enabling the business to improve its sales
mix. Market conditions are showing some improvement and all the operations are
well loaded going into 2010.
The Company has achieved improved earnings in the second half of 2009 compared
with the first half, notwithstanding the significant strengthening of the Rand
against the major currencies.
Earnings, and headline earnings, for the full year to 31 December 2009 are
expected to be between R82 million (38 cents per share) and R 98 million (45
cents per share) compared to the earnings of R268 million (124 cents per share)
for the full year in 2008.
The above information has not been reviewed or reported on by the Company`s
auditors.
The audited results for the 2009 financial year are expected to be announced on
SENS on or about 15 February 2010.
Pietermaritzburg
10 December 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/12/2009 10:32:02 Produced by the JSE SENS Department.
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