Sasol reports 33% drop in full-year headline earnings, earnings for FY2010 to fall yoy

Petrochemicals group Sasol has reported that headline earnings per share for the year to end-June fell 33% to R25.42, hit by lower oil and product prices and a stronger rand to the US dollar. The company also expects earnings for financial year 2010 to fall year-on-year. Average oil price achieved during the year was cushioned by the effect of its oil hedge which resulted in a realised gain of R5.056 bln.
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