JSE-listed aluminium supplier Hulamin expects to report a basic loss a share of between 370c and 380c for the year ended December 31, 2019.
This compares with a loss a share of 242c reported for the year ended December 31, 2018.
Additionally, Hulamin expects to report a headline loss a share of between 70c and 80c for the year under review, compared with headline earnings a share of 91c reported for 2018.
The company’s normalised headline loss a share for the year under review should be between 4c and 11c apiece, compared with normalised headline earnings a share of 77c in 2018.
The company derives a normalised headline earnings a share as a financial performance assessment by excluding metal price lag and material non-trading expenses or income items.
Hulamin will release its financial results on or about June 26.