https://newsletter.en.creamermedia.com
Aluminium|Hulamin
Aluminium|Hulamin
aluminium|hulamin

Hulamin expects to report lower earnings, headline earnings for 2022

27th February 2023

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

Font size: - +

In anticipation of releasing its full-year results for 2022, on March 6, JSE-listed aluminium semi-fabricator Hulamin reports that its earnings a share are expected to decrease by 45% to 53% to between 91c and R1.05.

Headline earnings a share are expected to decrease by 41% to 49% year-on-year to between 93c and R1.07.

However, Hulamin’s normalised earnings a share – which excludes metal price lag (the timing difference between the buying and selling price of metal) which were R426-million (R1.38 a share) in 2021 – are expected to increase by between 20% and 38% to between 16c and 31c.

The company also points out that the raising of a deferred tax asset positively impacted on its 2021 earnings by R115-million (37c a share), thereby making 2021 a higher-than-normal earning period.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.075 0.17s - 191pq - 2rq
Subscribe Now