BRIEF-Hulamin HY HEPS Down 77 Pct To 13 Cents Per Share

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BRIEF-Hulamin HY HEPS Down 77 Pct To 13 Cents Per Share

July 30 (Reuters) - Hulamin Ltd HLMJ.J :

* HY HEADLINE EARNINGS PER SHARE DOWN 77% TO 13 CENTS PER SHARE

* DIVIDENDS ARE CONSIDERED ON AN ANNUAL BASIS AND NO INTERIM DIVIDEND WAS DECLARED

* AS A RESULT OF DUTIES NOW IN PLACE, IMPORTS INTO USA HAVE BEEN SIGNIFICANTLY CURTAILED

* HY GROUP TURNOVER INCREASED BY 3% TO R5.3 BILLION (2017 H1: R5.1 BILLION)

* EXPECTS POSITIVE OPERATIONAL MOMENTUM FROM FIRST TWO QUARTERS OF 2018 TO CONTINUE INTO SECOND HALF

* ORDER BOOKS FOR ROLLED PRODUCTS ARE FIRM FOR BALANCE OF YEAR

* IN UNITED STATES, MARKET CONDITIONS REMAIN VOLATILE, ALTHOUGH CURRENTLY AT STRONGER ROLLING MARGINS

* DUE TO US IMPORTS BEEN CURTAILED, PARTICULARLY FROM CHINA, IT RESULTED IN SUPPLY SHORTAGE AND HAS ALLOWED US TO RAISE PRICES IN USA

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