‘Load-shed’ dents Hulamin profits

2008-07-22 00:00

Pietermaritzburg’s JSE-listed aluminium processor, Hulamin, which expects full-year results to increase by at least 20% year on year in 2008, has grown underlying operating profit by an average of 39% a year since 2003, creating 400 permanent local jobs in the past four years.

He said the company lost 10% of sales in April alone due to intense load-shedding during that month.

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