Sasol Forecasts Stronger First-Half Profit on Higher Oil Prices
(Bloomberg) -- South African energy and chemicals company Sasol Ltd. said it expected to report strong first-half earnings, boosted by higher oil prices and a weaker rand.
Earnings per share before one-time items in the six months through December will jump 12 percent to 29 percent, Johannesburg-based Sasol said in a statement on Wednesday.
“Our underlying cash flow performance and earnings are expected to be much stronger than the period ended Dec. 31 2017,” it said, adding that a “satisfactory performance of its global assets” also lifted earnings.
A detailed report will be released on Jan. 24.
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