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Hulamin flags plunging headline earnings

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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

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 , 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...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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