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Shares / Re: Risky business
« on: July 11, 2016, 02:00:48 pm »
TRADING STATEMENT
Despite a tough trading environment, particularly in the local market which
has been impacted by depressed economic conditions and competition from
imports, and a slow first quarter in both domestic and export markets,
sales volumes for the six-month period ended 30 June 2016 have improved
considerably on growing production volumes.
The improved volumes and a significantly weaker Rand have assisted the
Company to remain cost competitive in the face of lower international
selling prices in general which have prevailed since the fourth quarter of
2015.
Consequently, shareholders are advised that Hulamin expects earnings per
share (“EPS”), headline earnings per share (“HEPS”) and normalised EPS for
the six months ended 30 June 2016 to be within the ranges shown below:
30 June 2016 30 June 2015
Expectation (cents) and Reported (cents)
percentage increase
EPS 46(92%) – 50(108%) 24
HEPS 46(84%) - 50(100%) 25
Normalised EPS 46(77%) – 50(92%) 26
The financial information on which this trading statement is based has not
been reviewed and reported on by the Company's external auditors.
Hulamin's results for the six months ended 30 June 2016 are expected to be
released on the Stock Exchange News Service on or about 25 July 2016.
Pietermaritzburg
11 July 2016
