Revised trading statement for the year ended 31 December 2018
(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share code: HLM
("Hulamin" or "the Company")
REVISED TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2018
Shareholders are referred to the trading statement for the year ended 31
December 2018, published on 28 February 2019, in which shareholders were
advised that Hulamin expected earnings per share (“EPS”), headline EPS
(“HEPS”) and normalised¹ EPS for the year ended 31 December 2018 to be within
the ranges shown below:
Expectation at 28/02/2019 Restated (cents)
EPS -248(-361%) to -242(-354%) 95
HEPS 93(-2%) to 99(+4%) 95
Normalised¹ EPS 79(+23%) to 85(+32%) 64
Shareholders are now advised that, following finalisation of the Company’s
results, Hulamin’s change in EPS, HEPS and normalised¹ EPS for the year ended
31 December 2018 will be as follows:
Revised (cents) Restated (cents)
EPS -242 (-355%) 95
HEPS 91 (-4%) 95
Normalised¹ EPS 77 (+20%) 64
¹ Normalised earnings are defined as earnings excluding metal price lag,
non-recurring items and once-off adjustments.
The revision relates principally to adjustments to the impairments arising
within the Rolled Products and Extrusions cash generating units and deferred
The financial information on which this trading statement is based has not
been reviewed or reported on by the Company’s external auditors.
Hulamin’s results for the year ended 31 December 2018 are expected to be
released on the Stock Exchange News Service on or about 19 March 2019.
18 March 2019
Questco Corporate Advisory Proprietary Limited
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