- Sasol (NYSE:SSL) +3% in London trading after the South African petrochemicals company said its earnings slump will not be as severe as analysts have predicted.
- The world's top producer of motor fuels from coal says in a trading update that adjusted EPS could fall by up to 19%, or 11.43 South African rand ($0.90), when it reports full-year results on Sept. 7, which would equate to EPS of 48.73 rand vs. the 42.51 consensus forecast.
- Citigroup says it views SSL's update as "solid guidance in a challenging pricing environment; reflecting strong operational delivery."