HLM 201602180005A
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.
Shareholders are referred to the trading statement released on the
Stock Exchange News Service (“SENS”)on 14 December 2015 in which
Hulamin advised that its earnings per share (“EPS”) and headline
earnings per share (“HEPS”) for the full year ended 31 December 2015
were expected to be more than 20%, or 24 cents per share, lower than
EPS and HEPS reported for the previous corresponding reporting
period.
Shareholders are now advised that Hulamin expects EPS, HEPS and
normalised EPS for the year ended 31 December 2015 to be within the
ranges shown below:
31 December 2015 31 December 2014
Expectation (cents) and Reported (cents)
percentage decrease
EPS 50(56%) - 53(58%) 120
HEPS 36(66%) - 38(68%) 112
Normalised EPS 50(52%) - 53(55%) 111
Manufacturing performance improved significantly in the second half
of the year, notwithstanding further interruptions in the supply of
LPG gas. However, the price of aluminium, as quoted on the London
Metal Exchange, declined further in line with the global fall in
commodity prices and the metal price lag loss rose from R53 million
at June 2015 to R161 million for the full year.
Hulamin’s financial results for the year ended 31 December 2015 are
expected to be released on SENS on or about 22 February 2016.
The financial information on which this trading statement is based
has not been reviewed or reported on by the Company's external
auditors.
Pietermaritzburg
18 February 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/02/2016 08:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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