To view the PDF file, sign up for a MySharenet subscription.

HULAMIN LIMITED - Revised trading statement for the year ended 31 December 2018

Release Date: 18/03/2019 08:10
Code(s): HLM     PDF:  
 
Wrap Text
Revised trading statement for the year ended 31 December 2018

Hulamin Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share code: HLM
ISIN: ZAE000096210
("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:


                       31/12/2018                     31/12/2017
                       Expectation at 28/02/2019      Restated (cents)
                       (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:


                       31/12/2018                     31/12/2017
                       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
tax adjustments.

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.

Pietermaritzburg
18 March 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 18/03/2019 08:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story