Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
(ISIN: ZAE000006896)
Share codes:
JSE - SOL
NYSE - SSL
("Sasol")
TRADING STATEMENT
When Sasol released its Interim Results on 7 March 2005, the
following
was said in the profit outlook statement:
'Assuming exchange rates and international oil and commodity
chemical prices remain at more-or-less prevailing levels, it is
anticipated that attributable earnings in the second half of the
financial year should be at least equal to that achieved during the
six-months period ended 31 December 2004.'
In the intervening period, oil prices have been higher and the Rand
: US dollar exchange rate has been slightly weaker than anticipated.
Furthermore, notwithstanding the higher oil prices and the resulting
adverse effect on oil-derivative feedstock costs, profits in various
chemical businesses are higher than anticipated.
As a result, Sasol wishes to announce that Rand attributable earnings
in the second half of the financial year are now expected to be between
25% and 30% higher than those achieved during the six-month period
ended 31 December 2004. Consequently, it is anticipated that
attributable earnings
and earnings per share
for the full financial
year ending 30 June 2005, will be
between 45% and 55% higher than those
achieved in the previous financial year.
Headline earnings are expected to increase
between 55% and 65%
compared to the previous financial year.
This revised view has not been audited or reviewed by the company’s
auditors.
Johannesburg
25 April 2005
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited
Forward looking statements
We may in this document make statements that are not historical facts and
relate to analyses and other information based on forecasts of future
results and estimates of amounts not yet determinable. These are forward-
looking statements as defined in the U.S. Private Securities Litigation
Reform Act of 1995. Words such as "believe", "anticipate", "expect",