Sasol forecasts profit increase

Comment on this story

Petrochemical giant Sasol (SOL) said on Wednesday it expected its headline earnings per share in the year ended June 2012 to rise between 20% and 30%‚ from the previous comparable period.

The company’s profitability was boosted by a “solid” production performance as well as a 17% increase in the average Brent crude oil price‚ and an 11% weakening of the rand/US dollar exchange rate.

Sasol added‚ however‚ that the positive factors had been partially offset by an impairment of R964m and depreciation of R1.324bn in respect of its Canadian shale gas assets.

Earnings per share are expected to increase by between 14% and 24%‚ compared with the same time a year ago. - I-Net Bridge

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines