Sasol Expects Higher FY12 Profit - Quick Facts

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8/8/2012 12:21 PM ET

Sasol (SSL: Quote) Wednesday said it expects a 20 percent to 30 percent growth in its headline earnings per share for the fiscal year 2012. Per-share earnings is expected to increase by 14 percent to 24 percent from last year.

Full-year profit improved due to an overall solid production performance as well as a 17 percent increase in the average Brent crude oil price, and an 11 percent weakening of the rand/US dollar exchange rate, said the company.

However, these factors were partially offset by an impairment of 964 million South African Rands, or C$120 million, and depreciation of 1.324 billion rands, or C$171 million, in respect of its Canadian shale gas assets.

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by RTT Staff Writer

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