Sasol’s share price dropped 8% on Friday as the market braces for poor annual results from the chemical and synthetic fuels group.

In a trading statement on Friday, Sasol said its headline earnings per share for the financial year ending in June 2020 are expected to decrease by at least 20% compared to the R30.72 reported for the 2019 financial year.  Earnings per share (EPS) are also expected to decrease by at least 20%.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now