Hulamin experiences difficult 2019, but balance sheet remains robust

JSE-listed aluminium supplier Hulamin says it experienced particularly difficult conditions during the financial year ended December 31, 2019, which resulted in its loss a share increasing by 57% year-on-year to 380c. Headline earnings were down 182% year-on-year to a loss of R240-million, which was impacted on by restructuring costs and a negative metal price lag.