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Sasol Sees Higher EPS, Headline EPS In HY


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(RTTNews.com) - South African integrated energy and chemicals company Sasol Ltd. (SSL) said that it expects to deliver a solid set of results, underpinned by higher Brent crude oil and product prices, a weaker average rand exchange rate, a satisfactory performance of its global assets and much lower re-measurement items during the six months ending 31 December 2018.

Underlying cash flow performance and earnings are expected to be much stronger than the period ended 31 December 2017.

Headline earnings per share for the six months ending 31 December 2018 are expected to increase by between 12% and 29% or about R 2.12 to R 5.12 per share compared to the prior period Headline earnings per share of R 17.67. Earnings per share for the same period are also expected to increase by between 80% and 100% or about R9.03 to R11.29 per share from the prior period earnings per share of R 11.29.

The company noted that the results for the six months ending 31 December 2018 may be further affected by actual trading results in the remaining period and any further adjustments resulting from our half year-end closure process.

Sasol said it will be releasing its audited results for the six months ending 31 December 2018 on Monday, 25 February 2019.


Read the original article on RTTNews (http://www.rttnews.com/2956778/sasol-sees-higher-eps-headline-eps-in-hy.aspx)


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This article appears in: Fundamental Analysis , World Markets , Stocks , Oil , Earnings
Referenced Symbols: SOL ,



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