JSE-listed Hulamin’s shares rose by 11.68% on Monday morning after the company announced it expects a triple-digit surge in earnings for the year ended December 31, as a strong manufacturing performance delivered record sales volumes. Headline earnings a share for the 2016 financial year are expected to be 208% to 227% higher at between 114c and 121c apiece, compared with the 37c a share posted in 2015.
Source: www.engineeringnews.co.za
Hulamin’s shares rise on higher earnings expecations
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