JSE listed aluminium supplier and exporter Hulamin has declared a 77% decrease in headline earnings a share to 13c for the six months ended June 30, partly owing to the 7% strengthening of the rand against the dollar to an average of R12.30 in the period, compared with an average of R13.22 in the first half of 2017. This decline was driven by a sharply stronger rand and metal price lag (MPL) reversal of R103 million, compared with the prior period. EBIT before MPL decreased by 41% to R124 million.
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