Sasol flags ‘at least 20%’ annual earnings rise as oil price recovers

Dineo Faku

Dineo Faku dineo.faku@inl.co.za PETROCHEMICALS giant Sasol expects a jump in earnings for the year ended June 2021 despite hurricanes disrupting its US-based chemicals business during the nine months ended March 2021 and as oil prices recovered. Sasol, which operates Secunda Syn- fuels in Mpumalanga, ended trade 0.17 percent lower and closed at R250.89 after flagging that its headline earnings a share would improve by at least 20 percent for the year ended June 2021 compared with the headline loss a share of R11.79 a year earlier. Earnings a share were also expected to improve by 20 percent in the year ended June 2021 compared with the loss per share of R147.45 recorded in the year ended June 2020. Sasol was rocked by record low oil prices as…

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Cape Times (Digital) - 1 Issue, 2021-04-30

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