{"id":14461,"date":"2012-09-10T16:08:08","date_gmt":"2012-09-10T14:08:08","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/update-1-sasol-sees-better-year-ahead-after-profit-jumps\/"},"modified":"2012-09-10T16:08:08","modified_gmt":"2012-09-10T14:08:08","slug":"update-1-sasol-sees-better-year-ahead-after-profit-jumps","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-sasol-sees-better-year-ahead-after-profit-jumps\/","title":{"rendered":"UPDATE 1-Sasol sees better year ahead after profit jumps"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* FY headline EPS up 25 pct to 42.28 rand<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Synfuels output at 7.2 mln tonnes<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, Sept 10<\/span> (Reuters) &#8211; South African<br \/>\npetrochemicals group Sasol posted a 25 percent rise in<br \/>\nfull-year earnings on Monday, boosted by higher crude oil prices<br \/>\nand a weaker rand, and said it expected better operational<br \/>\nperformance in the current year.<\/p>\n<p><span><\/span><\/p>\n<p>Sasol, the world&#8217;s top maker of motor fuel from coal, said<br \/>\nheadline earnings per share rose 25 percent to 42.28 rand, in<br \/>\nline with Sasol&#8217;s own guidance of a jump of between 20-30<br \/>\npercent given in August. Headline EPS is the main profit gauge<br \/>\nin South Africa and excludes certain one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>Its earnings were helped by a 17 percent rise in the average<br \/>\ncrude oil price, higher prices for its products as well as an 11<br \/>\npercent weaker rand\/dollar exchange rate.<\/p>\n<p><span><\/span><\/p>\n<p>A weaker rand is positive for South African exporters as it<br \/>\nlifts profits when overseas earnings are brought home.<\/p>\n<p><span><\/span><\/p>\n<p>Full-year turnover rose to 169.4 billion rand ($20.74<br \/>\nbillion) from 142.4 billion rand a year ago.<\/p>\n<p><span><\/span><\/p>\n<p>Output of synthetic fuels was 7.2 million tonnes and the<br \/>\ncompany said it expected production at that unit to improve to<br \/>\nbetween 7.2 and 7.4 million tonnes in the current year.<\/p>\n<p><span><\/span><\/p>\n<p>Sasol said it expects crude oil and product prices to remain<br \/>\nvolatile in the near term, while the rand will remain one of the<br \/>\nbiggest external factors impacting its profitability.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* FY headline EPS up 25 pct to 42.28 rand * Synfuels output at 7.2 mln tonnes (Adds details) JOHANNESBURG, Sept 10 (Reuters) &#8211; South African petrochemicals group Sasol posted a 25 percent rise in full-year earnings on Monday, boosted by higher crude oil prices and a weaker rand, and said it expected better operational [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-14461","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=14461"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14461\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}