Sasol Expects FY Headline EPS To Decrease 14% To 19% - Quick Facts

(RTTNews) - South African integrated energy and chemicals company Sasol Ltd. (SSL) said it expects headline earnings per share for the full year ended June 30, 2015 to increase by 14 to 19 percent from 2014 financial year base of R60.16.

Earnings per share for the same period is expected to range between a 3 percent decrease and a 2 percent increase from 2014 financial year base of R48.57.

Excluding the impact of notable once-off items, net impairment charges and the share-based payment expense, normalised earnings per share are expected to decrease by 26 to 31 percent.

Sasol's profitability for the 2015 financial year was positively impacted by another solid operational performance through increases in production and sales volumes across its integrated value chain, resilient gross margins achieved across businesses, normalised cash fixed costs continuing to trend below inflation, and a 10 percent weaker average rand/US dollar exchange. rate.

Sasol's profitability was negatively impacted by 33 percent lower average Brent crude oil prices.

The company expects that results for the financial year may be further affected by any adjustments resulting from its year-end closure process.