SASOL:  28,177   -273 (-0.96%)  18/11/2019 00:00

Sasol Says Productivity Rate Improved By 10 Pct From Previous Year To 1 170 T/Cm/S For Period Ending March 31

April 18 (Reuters) - Sasol Ltd:

* SASOL PUBLISHES PRODUCTION AND SALES METRICS FOR THE NINE MONTHS ENDED 31 MARCH 2019

* EXPECT TO ACHIEVE OUR PRODUCTION TARGET OF BETWEEN 114 - 118 BSCF FOR FY19

* PRODUCTIVITY RATE IMPROVED BY 10% FROM PREVIOUS YEAR TO 1 170 T/CM/S FOR PERIOD ENDING 31 MARCH 2019

* CURRENT INDICATIONS ARE THAT MINING WILL ACHIEVE PRODUCTION LEVELS OF APPROXIMATELY 38 MILLION TONS FOR FULL YEAR

* CHEMICALS BUSINESSES ARE EXPERIENCING SOFTER PRICES IN SOME END-MARKETS

* BASE CHEMICALS DELIVERED A STRONG PERFORMANCE IN Q3 FY19 WHICH RESULTED IN A 9% IMPROVEMENT IN VOLUMES COMPARED TO Q2

* GROUP BENEFITTED FROM WEAKER EXCHANGE RATE DURING PERIOD ENDING 31 MARCH 2019 COMPARED TO PRIOR YEAR

* TRACKING SCHEDULE AND UPPER END OF COST ESTIMATE PROVIDED TO MARKET IN FEBRUARY FOR LAKE CHARLES CHEMICALS PROJECT

* ON TRACK TO ACHIEVE UPPER END OF PREVIOUS SALES VOLUMES MARKET GUIDANCE OF APPROXIMATELY 57 - 58 MILLION BARRELS FOR ENERGY BUSINESS FOR 9 MONTHS Source text for Eikon: Further company coverage:

2019-04-18 07:14:51

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