Aluminium supplier and exporter, Hulamin has reported depressed losses in its international and local market due to decreased export sales and the groups headline earnings plummeting to a loss of R240 million. Hulamin CEO, Richard Jacob joins CNBC Africa for more.
Aluminium supplier and exporter, Hulamin swung in to a first half loss, hurt by losses in its extrusion business and a drop in exports to the US. Richard Jacob, Hulamin Chief Executive Officer joins CNBC Africa for more.
Hulamin is reporting record high sales for its manufacturer, rolled products, which delivered a 6 per cent jump in sales. The Pietermaritzburg-based aluminium supplier Hulamin did, however see a staggering 290 per cent decline in earnings before interest and taxation. Joining CNBC Africa for more is Hulamin CEO, Richard Jacob.
Ayanda Mngadi, Group Executive for Corporate Affairs, Hulamin spoke to CNBC Africa’s Aviwe Mtila about rebuilding South Africa’s manufacturing industry on the side-lines of the Small Business Indaba taking place in Sandton.