JSE-listed aluminium supplier and exporter Hulamin expects to report a 4% year-on-year decrease in headline earnings a share to 91c for the year ended December 31, 2018.
In anticipation of reporting its full-year results on March 19, the company on Monday said it expected to report a loss a share of 242c – a 355% year-on-year decrease – but that normalised earnings a share would be up by 20% year-on-year at 77c.
The company’s normalised earnings exclude metal price lag, nonrecurring items and one-off adjustments.