Hulamin reported strong interim results to June 2017, with headline earnings per share up 17% as operating profit rose 11% despite a stronger rand. The aluminium maker’s rolled products volumes were up 8% to an annualised 221,000 tonnes, as unit costs fell 8%. This came as aluminium prices rose further in the period after lows in late 2015 and early 2016. "Hulamin has delivered a strong manufacturing performance and improved financial results, despite difficult market conditions and the rand being 14% stronger compared with the corresponding period in 2016," the group’s CEO, Richard Jacob, said on Monday. Despite a fall in overall manufacturing, Hulamin increased its domestic beverage can packaging volumes 133%. This came as major customer Nampak’s volumes grew in the six months to March 2017. Jacob said Hulamin had benefited from actions to enhance its product mix and improve market positioning. There had also been concerns among customers in the US that imports from China were lik...
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