Hulamin Limited announced sales results for the six months ended June 30, 2017. For the six months, the company has continued to build on the strong operating performance delivered in the 2016 financial year, achieving a sales volume of 110,000 tons in its rolled products business in the first half of 2017, an 8% increase on the comparative period. Combined with the second half of 2016, Hulamin Rolled Products has delivered a 12-month sales volume of in excess of 220,000 tons, the high level achieved to date.

The company provided earnings guidance for the six months ended June 30, 2017. For the six months, the company operating profit in the first half of 2017 has exceeded that of the comparative period, despite the significant strengthening of the Rand. The conversion margins of it's rolled products business are largely foreign denominated and the strengthening of the currency has had a dampening effect on profitability. The company expects EPS to be range of 54 cents to 58 cents, HEPS to be range of 54 cents to 58 cents and normalised EPS to be range of 54 cents to 58 cents.