Sasol expects big loss in headline earnings

South Africa’s Sasol is expecting a loss of up to 21% in its headline earnings for the full year ending in June.
By Staff reporter 25 July 2017 0 26908

South Africa’s Sasol is expecting a loss of up to 21% in its headline earnings for the full year ending in June, the company has said in a statement.

A stronger rand and continued weakness in oil prices have affected the company’s operating costs.

Full results will be announced in September, but Sasol’s shares were trading up on Tuesday because the company also reported higher chemicals output.

Aside from its petrochemicals business, Sasol is active in Mozambique’s gas market, including the planned Mozambique LNG export plant.

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