HLM - Hulamin Limited - Trading statement - for the half year ended 30 June 2011
HLM
HLM
HLM - Hulamin Limited - Trading statement - for the half year ended 30 June 2011
HULAMIN LIMITED
(Registration number 1940/013924/06)
(Incorporated in the Republic of South Africa)
Share Code: HLM
ISIN: ZAE000096210
("Hulamin" or "the company")
TRADING STATEMENT - FOR THE HALF YEAR ENDED 30 JUNE 2011
Hulamin improved its sales volumes of rolled products by 22% to 208 000 tons
(annualised) during the period under review and continued to drive its cost and
efficiency improvement programmes. These improvements were offset by the Rand
strengthening against the US Dollar from R7.54 in the first half of 2010 ("the
comparative period") to R6.91 in the period under review.
Operating profit for the half-year ended June 2011 is expected to be between
R126 million and R135 million (2010:R102 million).
Earnings and headline earnings are expected to be between R67 million (21 cents
per share) and R73 million (23 cents per share)for the half-year ended 30 June
2011 compared to 11 cents per share in the comparative period or earnings of R26
million and headline earnings of R27 million.
The interim financial statements for the half year ended 30 June 2011 are
scheduled for release on or about 25 July 2011.
The above information has not been reviewed and reported on by the company`s
auditors.
Pietermaritzburg
13 July 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/07/2011 10:10:31 Produced by the JSE SENS Department.
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