Hulamin sees a 19% drop in H1 earnings due to poor export market; positive domestic demand drives expansion projects

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.