Hulamin warns of loss due to high fixed costs
The aluminium supplier has said 2019 was unusually challenging
19 June 2020 - 11:50
Aluminium supplier Hulamin, whose customers include Tesla, warned on Friday it had swung into a loss in its year to end-December, having said previously that declining sales took a bite out of profits of a business characterised by high fixed costs.
The group said it expected to report a headline loss per share of between 70c and 80c, and up to 187.9% decline from the prior comparative period...
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