|
|
Sasol expects surge in earnings
In a trading statement released on 23 November 2011, Sasol advised shareholders that earnings per share (EPS) and headline earnings per share (HEPS) of the group for the six months ended 31 December 2011 were estimated to increase by at least 45% compared to the prior comparable period. As previously stated, the expected increase in earnings was mainly due to solid operational performance in our businesses, coupled with a strong improvement in the average crude oil and product prices and a weaker rand/US dollar exchange rate. In addition, the results have been positively impacted by exchange gains on foreign exchange contracts. It was also highlighted that the results may be impacted by further changes in oil and product prices, volume variances, the impact of closing exchange rates on financial assets and liabilities, as well as any adjustments, including possible impairments, resulting from our half year- end closure process.
Sasol is now able to indicate that the increase in EPS and HEPS for the six months ended 31 December 2011 is expected to be between 80% and 90% compared to the prior comparable period. Our half-year closure process is currently in progress and further adjustments may arise including re-measurement effects. As previously stated, this trading statement only deals with the comparison to the first half of the 2011 financial year. The higher earnings base of the second half of the 2011 financial year will strongly influence a comparison of the full 2012 financial year's results with 2011. Guidance will be provided when there is a reasonable degree of certainty in this regard. Sasol's financial results for the six months ended 31 December 2011 will be announced on Monday, 12 March 2012.
|
|
Click here for original article
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
