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Sasol sees profit declining as oil price slumps

Aug 07 2015 19:57
Paul Burkhardt

(Stephanie de Sakutin, AFP)

Company Data

Sasol Limited [JSE:SOL]

Last traded 271
Change -2
% Change -1
Cumulative volume 396990
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Sasol [JSE:SOL], the world’s biggest producer of liquid fuels from coal, said full-year profit fell as much as 19% after oil prices declined.

Earnings per share excluding one-time items probably declined by as much as R11.43 in the year to June 30 from R60.16 a year earlier, the Johannesburg-based company said in a statement on Friday.

“Sasol’s profitability was negatively impacted by a 33% lower average Brent crude oil price,” it said.

sasol  |  industrial  |  oil prices
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