Sasol warns of profit decline as it battles falling oil price
22 May 2020 - 09:36
UPDATED 24 May 2020 - 16:41
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%...
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