Hulamin flags plunging headline earnings
The aluminium group expects the figure to drop up to 49% year on year, partly due to a lag in prices between buying and selling metal
27 February 2023 - 08:12
Aluminium group Hulamin is expecting its headline earnings to almost halve in its 2022 financial year partly due to a lag in prices between buying and selling metal.
The company, valued at R937m on the JSE, sees its headline earnings per share (Heps), the main profit measure in SA that excludes certain items, to drop 41%-49% year on year to 93c-107c in its 2022 year to end-December...
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