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SOL - Sasol Expects Attributable Earnings Per Share To Increase By Between 40%

Release Date: 13/05/2008 10:39:01      Code(s): SOL
SOL - Sasol Expects Attributable Earnings Per Share To Increase By Between 40%  
         And 50%                                                                
Sasol Limited                                                                   
(Incorporated in South Africa)                                                  
(Registration number: 1979/003231/06)                                           
ISIN Code: ZAE000006896                                                         
Share Code: SOL                                                                 
NYSE Code: SSL                                                                  
("Sasol" or "the Company")                                                      
Sasol expects attributable earnings per share to increase by between 40% and 50%
Sasol`s attributable earnings per share for the year ended 30 June 2008 are     
estimated to increase by between 40% and 50% on the comparable previous         
reporting period with headline earnings per share increasing between 50% and    
The increase over the guidance given at the time of the announcement of our     
interim results on 10 March 2008 of `good growth compared with the 2007         
financial year` is due to the weakening of the rand against the US dollar, an   
increase in crude oil and product prices from the time of the announcement of   
the interim results and an improvement in the overall production rate.  However,
Synfuels volumes, while still envisaged to be higher than the prior year, are   
expected to be lower than previously foreseen.                                  
As pointed out in March, the earnings guidance does not take into account the   
non-cash charges which will result from the Sasol Inzalo BEE transaction.  As   
set out in the circular dated 24 April 2008, this transaction will be presented 
to shareholders for approval at a general meeting scheduled for 16 May 2008. Due
to the closing date for the Black Public invitations being extended to 5 July   
2008, a large portion of the non-cash charges, previously expected to have      
impacted the current year`s earnings, will now impact Sasol`s financial year    
2009 earnings.                                                                  
Several assumptions have been made in estimating the expected earnings increase.
These assumptions are based on the best information currently available, and    
will be clarified and reviewed over the remainder of the financial year, and may
result in a change in the estimated earnings. In particular, we reported that a 
material increase in capital expenditure is expected in respect of the          
construction of the gas-to-liquids plant at Escravos in Nigeria in which Sasol  
has a 37,5% economic interest.  Recent estimates indicate an increase of the    
capital cost of the project to approximately US$6 billion and a project         
completion date of 2011.  However, a review of the increased capital expenditure
as well as changes to other factors that impact the project economics have not  
yet been completed.  The outcome of this review could have an impact on this    
earnings guidance.                                                              
As previously disclosed, it is reasonably possible that the European Commission 
will impose a fine on members of the European paraffin wax industry including   
Sasol Wax for collective anti-competitive behaviour. If such a fine is imposed  
in the current financial year it could have an impact on this earnings guidance.
As indicated in the past, it is not possible to reliably estimate the quantum of
the fine at this stage.                                                         
Sasol`s financial results for the year ended 30 June 2008 will be announced on  
Monday, 8 September 2008.                                                       
The above information has not been reviewed and reported on by the Company`s    
13 May 2008                                                                     
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Sasol 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", "endeavor" 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    
registration statement under the Securities Exchange Act of 1934 on Form 20-F   
filed on 21 November 2007 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: 13/05/2008 10:39:01 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          

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