Views Article – Sharenet Wealth

Africa, News

Sasol flags full-year earnings drop of at least 20%

JOHANNESBURG (Reuters) – South African petrochemicals giant Sasol, which has been hit by high debt levels and falling oil and chemical prices, on Friday said it expected full-year headline earnings to decrease by at least 20%

Sasol, which reported headline earnings per share of 30.72 rand in the previous financial year, is due to report results for the financial year to June 30, 2020, on Aug. 17.

(Reporting by Tanisha Heiberg; Editing by David Goodman)

FILE PHOTO: A man walks past South African petro-chemical company Sasol's synthetic fuel plant in Secunda

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.