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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

     

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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

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