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WATCH: How tariffs and a strong rand rattled Hulamin

31 July 2018 - 08:24 Business Day TV
Hulamin CEO Richard Jacob. Picture:TEBOGO LETSIE
Hulamin CEO Richard Jacob. Picture:TEBOGO LETSIE

Aluminium products maker Hulamin reported a 3% increase in revenue for the six months to end-June but a 77% decline in headline earnings per share (HEPS) — down to 13c.

It also had to contend with a stronger rand during the reporting period and US steel and aluminium duties.

Hulamin CEO Richard Jacob spoke to Business Day TV about the interim results.

Hulamin CEO Richard Jacob talks to Business Day TV about the company’s interim results

Trade war pits Hulamin against deluge from Chinese suppliers

Aside from issues beyond its control, including the trade war and volatile rand, CEO Richard Jacob says Hulamin was 'in good shape'
Companies
7 months ago

Tariff-fuelled price uncertainty sends Hulamin reeling

The aluminium products maker suffered from wild swings in the aluminium price due to US President Donald Trump’s trade tariffs
Companies
7 months ago

Asia points to a blue Monday for JSE

Ellies and Hulamin are scheduled to release results, and the Reserve Bank will release June’s money supply and credit extension figures
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7 months ago

MARKET WRAP: JSE led higher by banks, financials on positive credit data

Data showing an acceleration in private-sector credit growth in June helped lift sentiment towards bank stocks, while global equities tread water ...
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7 months ago

Hulamin’s shares tumble after warning of profit decline

The aluminium products maker’s customers include US car maker Tesla, making it a likely casualty of President Donald Trump’s tariffs
Companies
8 months ago

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