Go Back Email this Link to a friend


Sasol Limited - Trading Statement

Release Date: 30/11/2005 08:00:13      Code(s): SOL
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")                                                                       
When Sasol announced its results in September 2005 for the financial year ended 
30 June 2005, we commented: "International oil and commodity chemical markets   
and prices are unstable and so forecasting these with confidence is not         
possible. Nevertheless, assuming no major disruptions in world currency and     
energy markets, we anticipate satisfactory growth in earnings in the year       
ahead."                                                                         
During the intervening months, international oil prices have been nearly 25%    
higher than anticipated, the Rand: US Dollar exchange rate has been weaker than 
expected and pleasing plant efficiencies and operating rates have generally been
achieved. As a result, Sasol"s financial results for the six months ending 31   
December 2005 are forecast to be better than anticipated when the previous      
public announcement was made.                                                   
Although it is premature to comment on attributable earnings for the six months 
ending 31 December 2005, headline earnings are expected to be between 65% and   
75% higher than those of the comparable previous reporting period (ie six months
ended 31 December 2004).                                                        
It is important to note, however, that based on an expectation that             
international oil prices will be lower in the second half of the financial year 
and that commodity chemical prices and margins will also weaken, earnings growth
for the full financial year is expected to be more in line with the profit      
outlook given in September 2005.                                                
Johannesburg                                                                    
29 November 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 26, 2005 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.                                                            
Date: 30/11/2005 08:00:16 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.