BRIEF-Hulamin's Chairman Issues Statement At AGM

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BRIEF-Hulamin's Chairman Issues Statement At AGM
Credit: © Reuters.

May 15 (Reuters) - Hulamin Ltd HLMJ.J :

* HULAMIN - LOWER US DOLLAR ROLLING MARGIN REALISATION EXPECTED TO IMPACT NEGATIVELY ON PROFITS IN FIRST HALF OF CURRENT YEAR

* HULAMIN LTD - OPERATIONAL PERFORMANCE HAS IMPROVED MARKEDLY, DEBT HAS BEEN PAID DOWN, CASH RETURN TO SHAREHOLDERS HAS RESUMED

* HULAMIN - LOWER METAL THROUGHPUT EXPECTED TO HAVE NEGATIVE IMPACT ON WORKING CAPITAL EFFICIENCY AND CASH FLOW GENERATION

* HULAMIN - TAKING APPROPRIATE REMEDIAL ACTION INCLUDING COST REDUCTION AND PURSUING HIGHER MARGIN PRODUCT OPPORTUNITIES

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