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Sol - Sasol Limited - Trading Statement

Release Date: 19/06/2009 08:55:30      Code(s): SOL
SOL - Sasol Limited - Trading Statement                                         
Sasol Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1979/003231/06)                                            
ISIN: ZAE000006896        US8038663006                                          
Share codes:   JSE - SOL       NYSE - SASOL                                     
("Sasol" or "the Company")                                                      
TRADING STATEMENT                                                               
EXPECTED EARNINGS PER SHARE FOR THE FINANCIAL YEAR ENDING 30 JUNE 2009 TO       
DECREASE BY BETWEEN 40% AND 50% COMPARED TO THE PRIOR YEAR                      
Introduction                                                                    
At the announcement of our interim results on 9 March 2009, we expected a       
reduction in earnings for the full 2009 financial year compared to the 2008     
financial year. It was clear at that stage that the considerably lower prices   
would far outweigh the positive effects of production volume increases and the  
crude oil hedge. At the time the volatility and uncertainty of global markets   
made it difficult to be more precise in this interim results outlook statement. 
Earnings outlook for full year 2009                                             
Sasol`s attributable earnings per share and headline earnings per share for the 
year ending 30 June 2009 are estimated to decrease by between 40% and 50%       
compared to the prior year. The expected decrease in earnings is mainly due to  
the lower crude oil and chemical prices referred to above, together with a      
considerable reduction in refining margins and a further deterioration in       
chemical markets. This earnings guidance includes the impact of the non-cash    
charges relating to the Sasol Inzalo BEE transaction and the administrative     
penalties paid to the European Commission and the South African Competition     
Commission.                                                                     
Overall group production volumes are up mainly due to increased production      
volumes at the Oryx GTL plant and the additional production volumes at the Arya 
Sasol Polymers plant. The Synfuels operations in Secunda, South Africa, are     
expecting production volumes to be about 4% lower than last year.               
The overall deterioration in market conditions will also result in negative     
stock effects, net realisable value stock write-downs and impairments.          
Several assumptions have been made in estimating the expected earnings for the  
full financial year 2009. These assumptions are based on the best information   
currently available. Our results may be further impacted by changes in the oil  
and product prices, the impact of a much stronger rand on closing financial     
assets and liabilities, additional impairments as well as any adjustments       
resulting from our year-end process. This may result in a change in the         
estimated earnings.                                                             
Positive cash position and a strong balance sheet position the group well       
Sasol has a positive cash position and a strong balance sheet. The cash         
conservation approach has ensured that Sasol continues to generate considerable 
cash flows, which keep the group well-positioned in the current economic        
climate, and fund our growth programme.                                         
Growth plans remain unchanged keeping our shareholder value proposition intact  
The overarching objective of our growth plans remains unchanged, keeping our    
shareholder value proposition intact: to ensure prudent management of our       
resources while pursuing those projects and programmes that are in the best     
interests of our shareholders and other valued stakeholders. Therefore we have  
reprioritised our planned capital expenditure to R16 billion for 2009 in light  
of the changed market conditions, including assessing the opportunities that the
current environment presents.                                                   
Sasol`s financial results for the year ending 30 June 2009 will be announced on 
Monday, 14 September 2009.                                                      
The above information has not been reviewed or reported on by the Company`s     
auditors.                                                                       
Johannesburg                                                                    
19 June 2009                                                                    
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", "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    
registration statement under the Securities Exchange Act of 1934 on Form 20-F   
filed on October 7, 2008 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: 19/06/2009 08:55:30 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          



                                        
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