Sasol forecasts stronger first-half profit on higher oil prices | Fin24
  • New Currency

    Facebook's Libra crypto coin: 5 things we know, and 5 we don't.

  • World Bank Loan

    Eskom in race against time to complete coal line to Majuba power station.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.


Sasol forecasts stronger first-half profit on higher oil prices

Nov 21 2018 13:41
Vernon Wessels, Bloomberg

South African energy and chemicals company Sasol [JSE:SOL] has said it expects to report strong first-half earnings, boosted by higher oil prices and a weaker rand.

Earnings per share before one-time items in the six months through December will jump 12% to 29%, Johannesburg-based Sasol said in a statement on Wednesday.

"Our underlying cash flow performance and earnings are expected to be much stronger than the period ended December 31 2017," it said, adding that a "satisfactory performance of its global assets" also lifted earnings.

A detailed report will be released on January 24.

At 11:17 Sasol's share price was trading 1.74% lower at R430.14.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

sasol  |  companies  |  industrial


Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...