Beverage can and other aluminium products maker Hulamin more than doubled its aftertax profit on record sales volumes in 2016, it reported on Monday morning. CEO Richard Jacob said that unlike in the year-earlier period, when Hulamin was hit by the double whammy of unreliable electricity supply from Eskom and gas supply problems, the group managed to achieve record production and sales volumes during 2016. After paying no dividend in 2015, Hulamin declared a final dividend of 15c, which together with an 8c interim dividend took its total for the year to end-December to 23c. In its 2014 financial year, Hulamin paid a 25c dividend. Monday’s results statement said the group’s turnover grew 20% to R10bn and its aftertax profit 135% to R385m.
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