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Hulamin predicts strong performance

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Johannesburg - In a trading statement for the year ended 31 December 2016 Hulamin [JSE:HLM] said a strong manufacturing performance in 2016 supported the delivery of record sales volumes.

Hulamin performed particularly well in the second half of the year, despite the strengthening of the rand, to deliver a record operating profit for the full year.

The company said in a Sens statement that Hulamin Rolled Products has benefitted from consistent investment in operational excellence and risk management to achieve record sales volumes of 214 000 tonnes for the year under review. There were strong improvements in yields/recoveries, unit costs and in the mix of high value products, particularly can end stock and heat treated plate.

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