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September 8, 2008

Sasol posts 50% increase in FY earnings

Petrochemicals producer Sasol on Monday reported that the company's earnings a share increased by 50% to R38,09 a share for the year ended June 2008.

"Higher product prices together with higher volumes and a focus on cost containment have enabled the company to deliver superior returns to our shareholders. Improved cash flows have sustained a healthy balance sheet positioning the company well for future growth amidst uncertain credit markets," said Sasol CFO Christine Ramon.

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Posted by StaffWriter at September 8, 2008 8:51 AM