Full-year earnings could be up to 30% higher, says Sasol
PETROCHEMICAL giant Sasol said on Wednesday that it expected its headline earnings per share in the year ended June to be between 20% and 30% higher than previous comparable period.
The company said it expected to benefit from what it called a "solid" production performance and a 17% increase in the average Brent crude oil price.
A 11% weakening of the rand/dollar exchange rate could also have also contributed to the expected increase.
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, Sasol added.
Earnings per share are expected to have increased between 14% and 24% compared with the same time a year ago.
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