Hulamin sees a 19% drop in H1 earnings due to poor export market; positive domestic demand drives expansion projects
Hulamin, a South African company that manufactures rolled aluminium products for precision and high technology applications, has reportedly announced its H1 financial performance ended June 30, 2024, highlighting reduced earnings caused by export pricing pressure and market challenges.
As per the data revealed, Hulamin’s earnings before interest taxes, depreciation and amortisation (EBITDA) decreased 19 per cent Y-o-Y to R343 million, with rolled product sales down 3 per cent Y-o-Y to 87,340 tonnes.
The group’s operating profit fell 8 per cent Y-o-Y to R433 million, while earnings per share plunged by 38 per cent to 43c.
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