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Sasol publishes production, sales metrics

May 02 2017 12:18
Johannesburg - Sasol [JSE:SOL] has published its production and sales metrics for the nine months ended 31 March 2017 on Tuesday as well as an update on significant hedging activities.

It said that during the course of the 2017 financial year, it entered into a number of hedges to mitigate specific financial risks.

"In particular, we have entered into hedges against the downside risk in the crude oil price and rand strengthening against major currencies to increase the stability and predictability of our cash flows," Sasol said in a Sens statement.

Information on these hedges is also included in the performance metrics.

Sasol said it may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable.

These statements may also relate to our future prospects, developments and business strategies.

Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects and cost reductions, including in connection with its business performance enhancement programme and response plan.

These factors are discussed more fully in its most recent annual report and in other filings with the United States Securities and Exchange Commission.

"The list of factors discussed therein is not exhaustive. When relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise," Sasol said in the statement.

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