BRIEF-Sasol Says HY HEPS 19,16 Rand

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BRIEF-Sasol Says HY HEPS 19,16 Rand
Credit: © Reuters.

Feb 22 (Reuters) - Sasol Ltd SOLJ.J :

* JSE: SOLBE1 - SOL - INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2020

* SASOL - BOARD BELIEVES THAT IT WOULD BE PRUDENT TO CONTINUE WITH SUSPENSION OF DIVIDENDS

* SASOL - HY HEADLINE EARNINGS PER SHARE 19,16 RAND

* SASOL - HY HEADLINE EARNINGS PER SHARE (HEPS) INCREASED BY MORE THAN 100% TO R19,16 PER SHARE COMPARED TO PRIOR PERIOD

* SASOL - DECISION MADE NOT TO PURSUE A RIGHTS ISSUE GIVEN CURRENT MACROECONOMIC OUTLOOK, AND SIGNIFICANT PROGRESS MADE ON OUR RESPONSE PLAN INITIATIVES

* SASOL - HY CORE HEADLINE EARNINGS PER SHARE2 7,86 RAND

* SASOL - EXPECT BALANCE SHEET TO REGAIN FLEXIBILITY FOLLOWING IMPLEMENTATION OF RESPONSE PLAN STRATEGY

* SASOL - BOARD BELIEVES THAT IT WOULD BE PRUDENT TO CONTINUE WITH SUSPENSION OF DIVIDENDS

* SASOL - WE HAVE NO SIGNIFICANT DEBT MATURITIES BEFORE NOVEMBER 2021 WHEN R2,2 BILLION (US$150 MILLION) TERM LOAN BECOMES DUE

* SASOL - EXPECT A GOOD OPERATIONAL PERFORMANCE FOR THE YEAR ENDING 30 JUNE 2021

* SASOL SEES SASOL SYNFUELS OPERATIONS (SSO) VOLUMES OF 7,7 TO 7,8 MILLION TONS FOR YEAR ENDING 30 JUNE

* SASOL SEES LIQUID FUELS SALES OF APPROXIMATELY 54 TO 55 MILLION BARRELS FOR YEAR ENDING 30 JUNE

* SASOL - CAPITAL EXPENDITURE OF R18 BILLION TO R20 BILLION FOR 2021

* SASOL - A DECISION WAS MADE NOT TO PURSUE A RIGHTS ISSUE GIVEN CURRENT MACROECONOMIC OUTLOOK

* SASOL SEES FY BASE CHEMICALS OVERALL SALES VOLUMES TO BE 5%-8% LOWER THAN PRIOR VIEW OF 1%-2% HIGHER

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