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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Sasol Limited    SOL   ZAE000006896

SASOL LIMITED

(SOL)
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Sasol Swung to Fiscal Year 2020 Net Loss on Oil Prices, Pandemic Hit

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08/17/2020 | 01:42am EDT

By Adria Calatayud

Sasol Ltd. said Monday that it swung to a net loss for fiscal 2020, as the collapse in oil prices and the coronavirus pandemic led it to book a major write-down, and warned of continuing uncertainty and volatility.

The South Africa-based petrochemical and energy company reported a net loss of 91.11 billion South African rand ($5.24 billion) for the year ended June 30 compared with a profit of ZAR4.30 billion for the year earlier. This included impairments of ZAR111.6 billion, mainly related to a write-down of its base chemicals portfolio, amid unprecedented low oil prices and weaker demand for products, the company said.

Turnover for fiscal 2020 was ZAR190.37 billion, down from ZAR203.58 billion in the prior year, Sasol said.

The company said it expects oil prices will remain low for the next 12 to 18 months as the impact of the pandemic becomes better understood. The current economic climate remains highly volatile and uncertain, Sasol said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 


Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX -0.14% 485.86 Delayed Quote.-9.41%
DOW JONES SOUTH AFRICA(ZAR) 1.13% 1694.37 Delayed Quote.-6.09%
LONDON BRENT OIL -1.65% 41.66 Delayed Quote.-35.76%
S&P AFRICA 40 INDEX -0.01% 160.77 Delayed Quote.-6.93%
SASOL LIMITED 5.43% 103.17 End-of-day quote.-66.00%
WTI -2.04% 39.715 Delayed Quote.-33.87%
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Financials
Sales 2021 203 B 12 531 M 12 531 M
Net income 2021 6 193 M 383 M 383 M
Net Debt 2021 124 B 7 687 M 7 687 M
P/E ratio 2021 12,4x
Yield 2021 -
Capitalization 64 677 M 3 988 M 3 996 M
EV / Sales 2021 0,93x
EV / Sales 2022 0,80x
Nbr of Employees 30 670
Free-Float 84,8%
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Technical analysis trends SASOL LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 165,44 ZAR
Last Close Price 103,17 ZAR
Spread / Highest target 95,8%
Spread / Average Target 60,4%
Spread / Lowest Target 1,77%
EPS Revisions
Managers
NameTitle
Fleetwood Grobler President, CEO & Executive Director
Sipho Abednego Nkosi Chairman
Paul Victor Chief Financial Officer & Executive Director
Marius Brand Executive VP-Sustainability & Technology
Colin Beggs Independent Non-Executive Director
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