Liquid Fuels

Sasol to report earnings rise on volume, currency tailwinds

Martin Creamer | 01 Aug 2013 | Engineering News

Energy and chemicals producer Sasol reported on Thursday that its earnings for the financial year ended June 30, 2013, would be stronger, owing to an improved production performance and favourable exchange-rate conditions. Year-on-year headline earnings a share are expected to rise by between 20% and 30%, while earnings a share are expected to increase by between 7% and 17%, the company said in a trading update.

The improved performance was supported by a 4% increase in Sasol Synfuels’ production to 7.4-million tons and a 14% weakening of the average rand/US dollar exchange rate during the year. Read more

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