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SOL/SOLBE1 - Sasol Limited - Trading Statement
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")
Trading Statement
Expected headline earnings per share for the financial year ended 30 June 2011
to increase by between 22% and 32%, and earnings per share to increase by
between 18% and 28%, compared to the prior year
In the update from the chief financial officer released on 14 June 2011, we
stated that we were confident of achieving an overall solid operational
performance and containing cost increases to within inflationary levels for the
2011 financial year. At the time the volatility and uncertainty of global
markets, as well as any adjustments arising from our year end closure process,
made it difficult to be more precise in our profit outlook statement.
Sasol`s profitability for the financial year ended 30 June 2011 has improved due
to our sustained focus on factors within our control - such as enhancing
operational efficiencies, delivering on our business improvement plans and
strict cost management. In addition, robust global commodity prices have
countered the impact of the strong rand.
The Group remains a strong cash generator and maintains a solid financial
position.
Shareholders are accordingly advised that Sasol`s headline earnings per share
(HEPS) for the year ended 30 June 2011 are expected to increase by between 22%
and 32%, and earnings per share (EPS) for the year ended 30 June 2011 are
expected to increase by between 18% and 28%, compared to the previous financial
year.
Our results may be further affected by any adjustments resulting from our year-
end process. This may result in a change in the estimated earnings.
Sasol`s financial results for the year ended 30 June 2011 will be announced on
Monday, 12 September 2011.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company`s external auditors.
Johannesburg
29 July 2011
Sponsor
Deutsche Securities (SA) (Pty) Limited
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
and cost reductions. 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 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 under the Securities
Exchange Act of 1934 on Form 20-F filed on 28 September 2010 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: 29/07/2011 08:00:01 Supplied by www.sharenet.co.za
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