South Africa's Sasol flags lower FY earnings on softer oil price - CNBC Africa

South Africa's Sasol flags lower FY earnings on softer oil price

Earnings

by Reuters 0

S.African petrochemicals company Sasol said on Friday it expected full-year profits to fall by up to 19 percent due to softer oil prices.

South African petrochemicals company Sasol said on Friday it expected full-year profits to fall by up to 19 percent due to softer oil prices.

The company, which makes about 40 percent of its earnings from oil, said headline earnings per share would fall by between 8.42 rand and 11.43 rand as the price of Brent crude oil fell by more than a third during the period.

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