Africa Oil & Gas: Sasol Expects H1 Earnings To Rise Up To 6%

Sasol Join CEOS
Sasol joint CEOs Bongani Nqwababa and Stephen Cornell (PHOTO by Duane Daws)

JOHANNESBURG, Jan 23 (Reuters) – South African petrochemicals group Sasol expects half-year profit to lift as much as 6 percent on the back of higher crude oil prices, the firm said on Tuesday.

Sasol said core headline earnings per share (HEPS) for the six months ended December 31 are expected to increase by between 1 and 6 percent compared with core HEPS of 17.41 rand for the same period in the prior year.

HEPS is the main profit gauge in South Africa which strips out certain one-off items.

(Reporting by Tanisha Heiberg; Editing by Tiisetso Motsoeneng)

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