Chemicals group Sasol’s share price slumped almost 12% on Friday after it warned that its embattled mega-project in the US, Lake Charles, would earn only half what it had previously expected in its 2020 year.
Following a fire and explosion at Lake Charles in January, the project is expected to contribute between $50m and $100m to earnings before interest, taxation, depreciation and amortisation in the group’s year to end-June 2020.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sasol shares slumps on warning of earnings hit from Lake CharlesLower oil prices and higher finance charges mean interim headline earnings per share to end-December could fall by 79%
Source: BDliveSA - 🏆 12. / 63 Read more »
Sasol shares slumps on warning of earnings hit from Lake CharlesLower oil prices and higher finance charges mean interim headline earnings per share to end-December could fall by 79%
Source: BDliveSA - 🏆 12. / 63 Read more »
Shell reins in share buybacks after earnings fall 50%CEO Ben van Beurden says if global economic conditions continue, Shell’s cash flow could fall by more than $7bn in 2020
Source: BDliveSA - 🏆 12. / 63 Read more »