[miningmx.com] –METALS and resources group Hulamin said in a trading update that earnings and headline earnings for the full year to December 31 were expected to be between 38
cents per share (R82m) and 45 cents per share (R98), compared with 124 cents per share (R268m) previously.
The group said its R970m rolled products expansion project was successfully completed ahead of schedule.
“This project has increased the rolled products capacity by approximately 20% and is enabling the business to improve its sales mix.
“Market conditions are showing some improvement and all the operations are well loaded going into 2010.
“The Company has achieved improved earnings in the second half of 2009 compared with the first half, notwithstanding the significant strengthening of the rand against the major currencies,” Hulamin said.
