Hulamin up, expects profits to double

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IOL image JSE interior view INDEPENDENT MEDIA The JSE is seen in this file photo: Leon Nicholas.

Johannesburg - Shares of aluminium products maker Hulamin rise sharply after the company says it expects interim earnings per share to increase by around 95 percent.

Its shares are up almost 4 percent to 8.40 rand, outpacing Johannesburg's All-share index, which is broadly flat.

Hulamin said the expected increase stemmed from distortions in the same period last year when severance costs were excluded from the determination of normalised earnings. - Reuters

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