Sasol flags headline earnings decline but margins improve
Group’s hedging activity and coal challenges weigh on interim headline earnings
Chemicals and energy group Sasol has flagged a decline in headline earnings for its half year to end-December, weighed down by accounting adjustments, such as for its hedges, as well as coal challenges in SA.
Headline earnings per share (HEPS) are expected to be 16% to 26% lower to end-December, the energy group said in an update on Tuesday, even as higher oil and chemical prices helped to lift profit margins...
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