{"id":178303,"date":"2025-08-25T14:54:41","date_gmt":"2025-08-25T14:54:41","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=178303"},"modified":"2025-08-25T15:16:39","modified_gmt":"2025-08-25T15:16:39","slug":"hulamins-ceo-outlines-plans-for-growth-despite-profit-drop-share-price-rises","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/hulamins-ceo-outlines-plans-for-growth-despite-profit-drop-share-price-rises\/","title":{"rendered":"Hulamin’s CEO outlines plans for growth despite profit drop, share price rises"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

Aluminium fabrication product group Hulamin\u2019s normalised headline earnings a share fell 48% to 26 cents in the six months to June 30, a period where the main aim was to build sufficient finished goods to supply the market during a 25-day integrated shutdown.<\/p>\n

Notwithstanding the lower profit, the share price surged 13.8% to R2.74 on the JSE on Monday afternoon.<\/p>\n

The aim was also to maintain profitability and cash flow during this period, said CEO Mark Gounder at the release of the Pietermaritzburg-based group results. Hulamin\u2019s aluminium rolling business maintains long-standing relationships in the packaging, automotive, transport, building, electrical, and general engineering industries worldwide.<\/p>\n

Rolled products core volumes were up by 2% at 89kts. No dividend was declared. The group\u2019s biggest activity is aluminium rolling, which contributes more than 80% of revenue, with the balance comprising extruded products and other downstream products. A significant portion of the rolled products goes to regions such as Europe, North America, the Middle East, and Asia.<\/p>\n

He said the second half of the year had begun on a positive note with the successful commissioning of the final phase of the market-driven wide canbody expansion project.<\/p>\n

\u201cThe focus now shifts to optimising plant productivity across core streams and initiating the product qualification process to achieve commercial readiness by the first quarter of 2026,\u201d he said.<\/p>\n

Core streams continued to demonstrate resilience, with strong demand, while geopolitical risks remained a concern.<\/p>\n

\u201cOur immediate priority is to maintain a competitive cost base while reducing our net debt, and we have made meaningful progress on our roadmap, positioning our business to deliver sustainable long-term earnings and shareholder value,\u201d said Gounder.<\/p>\n

During the first half, positive momentum from higher volumes and a stronger sales mix was partly offset by a stronger exchange rate, higher inflationary energy costs, and increased pricing pressure in the local can-end market,\u201d he said.<\/p>\n

The market-driven strategic capital plan continued<\/p>\n

to be advanced, reaching a milestone with the commissioning of the final phase of the wide canbody expansion project, which aims to displace imports.<\/p>\n

\u201cOur next focus is the qualification and commercial readiness of our wide-width products, targeted for the first quarter of 2026. Concurrently, we are working to optimise plant performance to secure strong second-half volumes across our core product streams,\u201d said Gounder.<\/p>\n

The group aimed to exit the Extrusions business by the end of 2025, and negotiations were underway about the disposal. In addition, operations at the Containers division ceased on June 6, 2025, and the wind-down and sale of operating assets was currently in progress.<\/p>\n

BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Aluminium fabrication product group Hulamin\u2019s normalised headline earnings a share fell 48% to 26 cents in the six months to June 30, a period where the main aim was to build sufficient finished goods to supply the market during a 25-day integrated shutdown.Notwithstanding the lower profit, the share price surged 13.8% to R2.74 on the JSE on Monday afternoon.The aim was also to maintain profitability and cash flow during this period, said CEO Mark Gounder at the release of the Pietermaritzburg-based group results. Hulamin\u2019s aluminium rolling business maintains long-standing relationships in the packaging, automotive, transport, building, electrical, and general engineering industries worldwide.Rolled products core volumes were up by 2% at 89kts. No dividend was declared. The group\u2019s biggest activity is aluminium rolling, which contributes more than 80% of revenue, with the balance comprising extruded products and other downstream products. A significant portion of the rolled products goes to regions such as Europe, North America, the Middle East, and Asia.He said the second half of the year had begun on a positive note with the successful commissioning of the final phase of the market-driven wide canbody expansion project.\u201cThe focus now shifts to optimising plant productivity across core streams and initiating the product qualification process to achieve commercial readiness by the first quarter of 2026,\u201d he said.Core streams continued to demonstrate resilience, with strong demand, while geopolitical risks remained a concern.\u201cOur immediate priority is to maintain a competitive cost base while reducing our net debt, and we have made meaningful progress on our roadmap, positioning our business to deliver sustainable long-term earnings and shareholder value,\u201d said Gounder.During the first half, positive momentum from higher volumes and a stronger sales mix was partly offset by a stronger exchange rate, higher inflationary energy costs, and increased pricing pressure in the local can-end market,\u201d he said.The market-driven strategic capital plan continuedto be advanced, reaching a milestone with the commissioning of the final phase of the wide canbody expansion project, which aims to displace imports.\u201cOur next focus is the qualification and commercial readiness of our wide-width products, targeted for the first quarter of 2026. Concurrently, we are working to optimise plant performance to secure strong second-half volumes across our core product streams,\u201d said Gounder.The group aimed to exit the Extrusions business by the end of 2025, and negotiations were underway about the disposal. In addition, operations at the Containers division ceased on June 6, 2025, and the wind-down and sale of operating assets was currently in progress.BUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":178305,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-178303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/178303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=178303"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/178303\/revisions"}],"predecessor-version":[{"id":178304,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/178303\/revisions\/178304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/178305"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=178303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=178303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=178303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}