Hulamin up, expects profits to double

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.

The JSE is seen in this file photo: Leon Nicholas. Credit: INDEPENDENT MEDIA

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