{"id":8839,"date":"2012-03-12T15:07:35","date_gmt":"2012-03-12T13:07:35","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-sasol-h1-profit-up-81-pct-on-oil-rand-prices\/"},"modified":"2012-03-12T15:07:35","modified_gmt":"2012-03-12T13:07:35","slug":"update-1-sasol-h1-profit-up-81-pct-on-oil-rand-prices","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-sasol-h1-profit-up-81-pct-on-oil-rand-prices\/","title":{"rendered":"UPDATE 1-Sasol H1 profit up 81 pct on oil, rand prices"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* H1 headline EPS up 81 pct to 23.50 rand<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* See FY synfuels output at 7.0-7.2 mln T<\/p>\n<p> (Adds details)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 12<\/span> (Reuters) &#8211; South African<br \/>\npetrochemicals group Sasol on Monday reported a 81<br \/>\npercent rise in first-half profit, boosted by higher oil and<br \/>\nproduct prices and a weaker rand and said it was on track to<br \/>\ndeliver higher earnings for the full 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 for the six months to end-December<br \/>\njumped 81 percent to 23.50 rand, at the bottom of a range of an<br \/>\n80-90 percent increase given in early February.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS are the main profit gauge in South Africa and<br \/>\nexclude certain one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We have maintained a resilient production performance<br \/>\ndespite challenges,&#8221; Chief Executive David Constable said in a<br \/>\nstatement.<\/p>\n<p><span><\/span><\/p>\n<p>The average crude oil price was at $111.41 a barrel at<br \/>\nend-December, compared with $81.68 a year earlier. The<br \/>\nrand\/dollar exchange rate was 7 percent weaker than the previous<br \/>\nperiod.<\/p>\n<p><span><\/span><\/p>\n<p>A stronger rand is a negative for South African exporters as<br \/>\nit eats into profits when overseas earnings are brought home.<br \/>\nThe currency has weakened 14 percent against the dollar<br \/>\nsince the start of 2011.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Our resilient operations will enable us to benefit from the<br \/>\nfavourable rand commodity prices and therefore we are<br \/>\nwell-positioned to deliver increased earnings for the 2012<br \/>\nfinancial year,&#8221; it said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* H1 headline EPS up 81 pct to 23.50 rand * See FY synfuels output at 7.0-7.2 mln T (Adds details) JOHANNESBURG, March 12 (Reuters) &#8211; South African petrochemicals group Sasol on Monday reported a 81 percent rise in first-half profit, boosted by higher oil and product prices and a weaker rand and said it [&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-8839","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\/8839","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=8839"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8839\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}