Electricity interruptions impact on Sasol’s FY18 production performance

Several unplanned electricity supply interruptions and two internal outages at its Secunda synfuels operations, resulted in lower production volumes for petrochemicals group Sasol for the financial year ended June 30. In a trading update published on Friday, the company said its earnings before interest, taxes, depreciation and amortisation (Ebitda) are expected to increase by between 6% and 16%; however, core headline earnings per share (HEPS) are expected to decrease by between 1% and 11%, compared with the 2017 financial year when core HEPS were R38.47 apiece.