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Currency losses, strike hit Sasol hard

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(Biznews)
(Biznews)

Cape Town - Sasol [JSE:SOL] announced in a trading statement on Thursday that it expects earnings per share (EPS) for the six months to end-December 2016 to increase by 12% to 22% (R1.44 to R2.63 per share), compared to the 2016 financial half-year (prior period) EPS of R11.97.

Headline earnings per share (Heps) for the same period are expected to drop by 34% to 44% (R8.26 to R10.68/share) from the prior period Heps of R24.28. Overall, Sasol delivered a strong business performance across most of the value chain.

Secunda Synfuels' production volumes rose by 1% and the company's Eurasian operations increased production volumes by 8% on the back of stronger product demand. Natref's production volumes were down 7%, mainly due to planned shutdowns during the period under review.

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