Hulamin Reports Full Year 2023 Earnings

Hulamin (JSE:HLM) Full Year 2023 Results

Key Financial Results

• Revenue: R13.8b (down 13% from FY 2022).
• Net income: R271.8m (down 9.3% from FY 2022).
• Profit margin: 2.0% (up from 1.9% in FY 2022). The increase in margin was driven by lower expenses.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hulamin shares are down 7.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Hulamin that you need to be mindful of.

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