IHS Chemical Week

Sasol's earnings decline on Iranian asset writedown

11:34 AM MST | February 11, 2013

Sasol has taken a 1.98-billion rand ($221.81 million) impairment charge on its interest in the Iranian joint venture Arya Sasol Polymer Co. (ASPC; Assaluyeh, Iran), and there will be more to come if it succeeds in divesting its 50% interest. Sasol says in a scheduled trading statement that its underlying earnings per share (EPS) for the second half of 2012 would be between 0–5% higher than in the corresponding period of 2011, but that, because of the ASPC writedown, reported EPS would be 10–20% lower. Sasol says its profitability so far for the financial year...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 


Forgot your user ID or password? Click here to have it sent to you.

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa