Hulamin Limited reported basic earnings per share (EPS) and headline earnings per share (HEPS) of 48 cents per share (cps) for the six-month interim period ended 30 June 2016. This was an improvement of 100% and 92% respectively over the comparative interim period to 30 June 2015, supported by improved manufacturing performance and a weaker currency. Production performance and sales have improved further in the third quarter of 2016 on the levels attained in the first half of the year, and selling prices (conversion margins) and manufacturing costs, on a per unit basis, are in line with those achieved in the first six months. The improved operating performance in the third quarter has mitigated the dampening effect of the strengthening of the Rand on the company's US Dollar-based conversion margins. This has resulted in a continuation of the earnings momentum delivered in the first half.

The company's EPS and HEPS for the year ending 31 December 2016 are expected to be at least 20%, or at least 10 cents per share and 7 cents per share respectively, higher than the EPS of 51 cents per share and HEPS of 37 cents per share reported for the year ended 31 December 2015.