Sasol Shares Fall After Fiscal 2024 Results Trail Estimates, Final Dividend Skipped

01:52 PM EDT, 08/20/2024 (MT Newswires) -- Sasol's (SSL) shares fell 4.6% in recent Tuesday trading after fiscal full-year results trailed estimates by analysts, and the company omitted a final dividend, citing high debt.

In the 12 months ended June 30, so-called headline earnings per share fell to 18.19 South African rand ($1.02) from 53.75 rand a year earlier, the company said Tuesday.

Analysts polled by Capital IQ expected 40.26 rand.

Revenue, or external turnover, fell to 275.1 billion rand from 289.7 billion a year earlier.

Analysts surveyed by Capital IQ expected 278.4 billion.

Price: 7.22, Change: -0.34, Percent Change: -4.56