Hulamin has an organizational culture that places great value on its shareholders, employees, communities, and key stakeholders with a clear understanding of the close connection. | March 28, 2023
Hulamin has an organizational culture that places great value on its shareholders, employees, communities, and key stakeholders with a clear understanding of the close connection. | March 28, 2023
Hulamin has an organizational culture that places great value on its shareholders, employees, communities, and key stakeholders with a clear understanding of the close connection. | March 28, 2023
Hulamin has an organizational culture that places great value on its shareholders, employees, communities, and key stakeholders with a clear understanding of the close connection. | March 28, 2023
Hulamin reports major disruption in operations as sales declined by 24%
By Sandile Mchunu
Share
DURBAN - HULAMIN said yesterday that the Covid-19 outbreak caused a major disruption in its operations as sales volumes declined by 24 percent to 166 000 tons in the year to end December.
However, the group said the London Metals Exchange price of aluminium, which mainly affects working capital and metal price lag, was stronger during the period, climbing to $2 018 (R29 375) a ton, up from $1 770 a ton a year earlier and the rand price of aluminium rose by 18 percent by the end of 2020.
But group turnover fell by 20 percent to R8.55 billion, while its headline loss improved to R210 million compared to R240m reported last year.