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Johannesburg - Petrochemicals firm Sasol [JSE:SOL] said on Friday it expects full-year earnings to climb as much as 32%, as buoyant commodity prices helped it overcome a stronger rand currency.
Sasol, the world's top maker of motor fuel from coal, said in a statement it expects to report a 22% to 32% increase in headline earnings per share for the year to end-June.
Headline EPS, the main profit measure in South Africa, excludes certain one-time items.
The company said it was helped by strict cost management and higher commodity prices, which offset the stronger rand. A strong rand is a negative for South African exporters, because it eats into profits when overseas earnings are brought home.
Sasol said this week its planned growth programme at its Synfuels unit will lift production from a base of 7.3 million tonnes.
Sasol is due to report full-year results on September 12.
Shares of the company are little changed so far this year, slightly outperforming South Africa's Top 40 - (Tradeable) [JSE:J200] index of blue-chips, which is down 1.4%.
Sasol, the world's top maker of motor fuel from coal, said in a statement it expects to report a 22% to 32% increase in headline earnings per share for the year to end-June.
Headline EPS, the main profit measure in South Africa, excludes certain one-time items.
The company said it was helped by strict cost management and higher commodity prices, which offset the stronger rand. A strong rand is a negative for South African exporters, because it eats into profits when overseas earnings are brought home.
Sasol said this week its planned growth programme at its Synfuels unit will lift production from a base of 7.3 million tonnes.
Sasol is due to report full-year results on September 12.
Shares of the company are little changed so far this year, slightly outperforming South Africa's Top 40 - (Tradeable) [JSE:J200] index of blue-chips, which is down 1.4%.
