HLM 201512140012A
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”)
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited,
companies are obliged to provide guidance to the market when they
are satisfied that a reasonable degree of certainty exists that
the financial results for the forthcoming reporting period will
differ by at least 20% from the results of the previous
corresponding reporting period.
In July this year Hulamin reported earnings per share (EPS) of 24
cents and headline earning per share (HEPS) of 25 cents for the
six month period ended 30 June 2015, a decrease of 41% over the
corresponding period in 2014. Shareholders were advised at that
time that it was very unlikely that the shortfall in volume and
profits that took place in the first six months could be made good
in the second half of the year and this has proved to be the case.
Consequently, EPS and HEPS for the full year ending 31 December
2015 are expected to be more than 20%, or 24 cents per share,
lower than those reported for the corresponding reporting period.
However, at this point in time Hulamin cannot forecast its 2015
full year earnings with the certainty necessary to provide
specific guidance but a further trading statement will be issued
once such certainty is achieved.
Hulamin's audited results for the year ending 31 December 2015 are
expected to be released on SENS on or about 22 February 2016.
The forecast financial information on which this trading statement
is based has not been reviewed and reported on by the Company’s
external auditors.
Pietermaritzburg
14 December 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/12/2015 09:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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