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Sasol sees stronger half-year profit, cash flow on higher oil prices

Nov. 21, 2018 3:57 PM ETSasol Limited (SSL) StockSSLBy: Carl Surran, SA News Editor5 Comments
  • Sasol (SSL +2.9%) is solidly higher after saying it expects to report headline earnings growth of 12%-29%, or R2.12-R5.12/share, during the six months ending Dec. 31, underpinned by higher Brent crude oil and product prices, and a weaker average rand exchange rate.
  • SSL also forecasts an 80%-100% increase in net income during the current six-month period, equal to R9.03-R11.29/share.
  • "Our underlying cash flow performance and earnings are expected to be much stronger than the period ended December 31 2017," SSL says, adding that a "satisfactory performance of its global assets" also lifted earnings.

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