Go Back Email this Link to a friend

Sasol Limited - Trading Statement For The Financial Year Ending 30 June 2016

Release Date: 06/06/2016 07:10:00      Code(s): SOL SOLBE1     
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:     JSE: SOL       NYSE: SSL
Sasol Ordinary ISIN codes:      ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code:   ZAE000151817
(?Sasol? or ?the Company?)

Trading statement for the financial year ending 30 June 2016

In terms of the JSE Limited Listings Requirements, companies are
required to publish a trading statement as soon as they are
satisfied that a reasonable degree of certainty exists that the
financial results for the period to be reported will differ by
at least 20% from the financial results for the previous
corresponding period.

Sasol's headline earnings per share (HEPS) for the financial
year ending 30 June 2016 are expected to decrease by between 10%
and 30% (approximating R4,98 to R14,93 per share) compared to
the 2015 financial year (comparable period) HEPS of R49,76.
Earnings per share (EPS) for the same period are expected to
decrease by between 53% and 73% (approximating R25,82 to R35,56
per share) from the comparable period EPS of R48,71.

The volatile macroeconomic environment, in particular lower
crude oil prices, has had a significant impact on earnings. EPS
was further impacted by the R7,4 billion (CAD665 million)
impairment of our share in the Montney shale gas asset
recognised in December 2015. Due to a further decline of natural
gas prices in North America, we will recognise an additional
impairment of approximately R4,1 billion (CAD340 million),
resulting in a total impairment of R11,5 billion. This
impairment contributed to a 39% decrease of EPS.

We expect production volumes and cost reductions to be better
than our previous guidance. Further details on our operational
and financial performance will be provided in a trading update
in early August 2016.
The current volatile market conditions may however further
impact our results, particularly changes in oil, product prices
and movements in the rand/dollar exchange rate.

The financial information on which this trading statement is
based has not been reviewed and reported on by the Company's
external auditors. Sasol's financial results for the financial
year ending 30 June 2016 will be announced on Monday, 12
September 2016.

06 June 2016

Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

Disclaimer ? Forward-looking statements: Sasol may, in this
document, make certain statements that are not historical facts
and relate to analyses and other information which are based on
forecasts of future results and estimates of amounts not yet
determinable. These statements may also relate to our future
prospects, developments and business strategies. Examples of
such forward-looking statements include, but are not limited to,
statements regarding exchange rate fluctuations, volume growth,
increases in market share, total shareholder return, executing
our growth projects and cost reductions, including in connection
with our Business Performance Enhancement Programme and Response
Plan. Words such as "believe", "anticipate", "expect", "intend",
"seek", "will", "plan", "could", "may", "endeavour", "target",
"forecast" 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 the predictions, forecasts, projections and other forward-
looking statements will not be achieved. If one or more of these
risks materialise, or should underlying assumptions prove
incorrect, our actual results may differ materially from those
anticipated. You should understand that a number of important
factors could cause actual results to differ materially from the
plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements. These factors are
discussed more fully in our most recent annual report on Form
20-F filed on 9 October 2015 and in other filings with the
United States Securities and Exchange Commission. The list of
factors discussed therein is not exhaustive; when relying on
forward-looking statements to make investment decisions, you
should carefully consider both these factors and other
uncertainties and events. 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: 06/06/2016 07:10:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
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.