Sasol Raises FY 2022 Liquid Fuel Sales Volumes Outlook, Backs Chemicals Guidance

By Ian Walker

Sasol Ltd. on Monday raised its liquid fuel sales volumes guidance for the year, but kept its guidance for the chemicals unit unchanged.

The South African chemicals and energy company now expects liquid fuel sales volumes for the year of between 52 million and 54 million barrels, compared with previous guidance of 51 million to 53 million barrels.

Chemicals sales volumes for the year ended June 30 are expected to be 4% to 8% lower than fiscal 2021, as previously guided.

"The ongoing conflict in the Ukraine and resulting energy price volatility, together with rising inflation and the Covid-19 lockdowns in China, pose a risk to sales volumes and margins during the last quarter of FY22, the company said.

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(END) Dow Jones Newswires

04-25-22 0157ET