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Trading statement
Hulamin Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share code: HLM
ISIN: ZAE000096210
("Hulamin" or “the Company”)
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited,
companies are obliged to provide guidance to the market when they
are satisfied that a reasonable degree of certainty exists that
the financial results for the forthcoming reporting period will
differ by at least 20% from the results of the previous
corresponding reporting period.
Hulamin reported negative earnings per share (EPS) of 422 cents
for the 2013 year after taking account of a net impairment charge
of R1.5 billion, equivalent to 479 cents per share. This charge
will not recur in the current year and shareholders of Hulamin are
advised that EPS for the year to December 2014 is expected to
exceed 70 cents per share.
Whilst operational performance in the current period has been
maintained at a similar level to that of the first half of the
year, given the potential impact of the volatile Rand Dollar
exchange rate on profits in the remaining quarter, Hulamin cannot
at this time, forecast with reasonable certainty, its results for
the year to December 2014 within the 20% range required by the JSE
Limited Listings Requirements. Nonetheless, headline earnings per
share (HEPS) for the year to December 2014 is also expected to
exceed 70 cents per share (2013 57 cents).
A further trading statement for the year to December 2014 will be
issued once reasonable certainty exists.
The forecast financial information on which this trading statement
is based has not been reviewed and reported on by the Company’s
external auditors.
Hulamin's results for the year ending December 2014 are expected
to be released on SENS on or about 23 February 2015.
Pietermaritzburg
20 October 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/10/2014 10:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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