HULAMIN saw its earnings metrics rocket in its interim results to June, with a doubling of net profit for the period to R152m from R75.7m in the same period in 2015, despite what it called "soft market conditions".This was just R11.7m shy of the aluminium group’s full-year profit of R163.7m to December 2015. Headline earnings per share nearly doubled, from 24c in the period in 2015, to 44c, as operating profit shot up 86%.The group, which is based in KwaZulu-Natal, said consistent manufacturing output had helped revenue climb 25% to R4.9bn from the period in 2015, with group sales in tonnes rising 19%. A weaker average rand value against the dollar during the six months mitigated the effects of weak global and South African market conditions, domestic inflation, and softer margins for rolled products."Hulamin sells as much as it can make," CEO Richard Jacob said on Monday. "It is a strong brand and customers are looking for more than we can supply."He said the global aluminium marke...
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