Sasol Posts Rise In Profit

Sasol

reported a rise in its full-year earnings. The company's headline earnings per share climbed 14% to 60.2 billion rand. The Johannesburg, South Africa-based company posted quarterly diluted headline earnings per share of 59.64 cents, versus 52.53 cents in the prior year. Analysts were expecting a profit of 63.4 cents per share. The company expected 2015 capital expenditure of 50 billion rand ($4.7 billion) and 2016 expenditure of 65 billion rand. Sasol shares gained 0.71% to close at $59.73 on Friday.