HULAMIN LIMITED
Registration number: 1940/013924/06
Share code: HLM
ISIN number: ZAE 000096210
AUDITED RESULTS AND FINAL DIVIDEND DECLARATION FOR THE YEAR ENDED 31 DECEMBER 2007
HIGHLIGHTS
- Revenue growth of 20% to R6.6 billion
- Operating profit before structuring cost of R380 million
- Underlying operating profit improvement of 43%
- Listing and BEE structuring costs of R168 million
- Headline earnings of R40 million (18 CPS)
- Annual dividend of R105 million (48 CPS)
Alan Fourie CEO commented: "Rolled Products continued to deliver a strong
operational performance in the second half of the year supported by an increase
in export sales, mix enhancement and positive exchange rate movement for the
year.
Our expansion programme is on track and we expect further reductions in unit
costs as the increased capacity comes on stream and cost reduction measures
take effect.
We are well placed to maintain sustained growth in earnings in 2008 and beyond from our continued increase in sales volumes and conversion margins."
Enquiries
Hulamin 033 395 6911
Alan Fourie, CEO 083 626 9444
Charles Hughes, CFO 082 745 6173
Richard Jacob 082 806 4068
For the full commentary please go to :
http://ir.hulamin.com/phoenix.zhtml?c=212183&p=irol-IRHome
"Press Release"
