19 AUGUST 2024AlCircle.com
Hulamin sees a 19% drop in H1 earnings due to poor export market; positive domestic demand drives expansion projects
Edited by : Debanjali Sengupta
2 min read
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.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
European aluminium foundry market sees headwind due to subdued domestic automotive production
Next articleEastern Europe’s role in facilitating Russian aluminium trade amid sanctions: Insights from Christian Mabey
Grow with
AL Circle
