|
Sasol Limited - Trading Statement
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
ISIN: ZAE000006896
Share codes:
JSE - SOL
NYSE - SSL
(`Sasol`)
On 25 April 2005, Sasol issued a Trading Statement advising that it anticipated
Rand attributable earnings and earnings per share for the financial year ending
30 June 2005 to be between 45% and 55% higher than those achieved in the
previous financial year. The Trading Statement also advised that headline
earnings were expected to increase by between 55% and 65% compared to the
previous financial year.
At the time the Trading Statement was issued, the Rand was trading at about
R6,00 : US$1,00 and international oil prices were about US$52,60 per barrel.
During the intervening period through to end-June 2005, the Rand weakened by
more than 10% and oil prices increased by approximately 5%.
Primarily as a consequence of these factors, Sasol wishes to announce that Rand
attributable earnings and earnings per share for the full financial year ended
30 June 2005, are expected to be between 55% and 60% higher than those achieved
in the previous financial year.
Impairment tests on all material assets have been undertaken as a part of the
year-end accounting exercise. Primarily because of anticipated impairments and
other capital effects including non-recurring income and proceeds from asset
disposals in the previous year, it is also expected that Rand headline earnings
and headline earnings per share should be between 80% and 85% better than those
achieved in the previous financial year.
This revised view has not been audited or reviewed by the company`s auditors.
Johannesburg
6 July 2005
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Forward looking statements
We may in this document make statements that are not historical facts and relate
to analyses and other information based on forecasts of future results and
estimates of amounts not yet determinable. These are forward-looking statements
as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words
such as `believe`, `anticipate`, `expect`, `intend`, `seek`, `will`, `plan`,
`could`, `may`, `endeavour` and `project` and similar expressions are intended
to identify such forward-looking statements, but are not the exclusive means of
identifying such statements. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and specific, and there
are risks that predictions, forecasts, projections and other forward-looking
statements will not be achieved. If one or more of these risks materialize, or
should underlying assumptions prove incorrect, actual results may be very
different from those anticipated. The factors that could cause our actual
results to differ materially from the plans, objectives, expectations, estimates
and intentions expressed in such forward-looking statements are discussed more
fully in our annual report under the Securities Exchange Act of 1934 on Form 20-
F filed on October 29, 2004 and in other filings with the United States
Securities and Exchange Commission. 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. |
|
