Adjustments in relation to the valuation of our derivatives at period end are to remove volatility from earnings as these instruments are valued using forward curves and other market factors at the reporting date and could vary from period to period.
STAR STABLE DATABASE FULL
(Adjusted EBITDA constitutes pro forma financial information in terms of the JSE Limited Listings Requirements and should be read in conjunction with the basis of preparation and pro forma financial information as set out in the full set of audited summarised financial statements). However, this is not a defined term under IFRS and may not be comparable with similarly titled measures reported by other companies. We believe adjusted EBITDA is a useful measure of the Group’s underlying cash flow performance. Adjusted EBITDA is calculated by adjusting EBIT for depreciation, amortisation, share-based payments, remeasurement items, change in discount rates of environmental provisions, all unrealised translation gains and losses, and all unrealised gains and losses on our derivatives and hedging activities.This also resulted in a strong gross margin improvement compared to the prior year.Ĭore headline earnings per share 2 (Rand) We have seen improved performance on the back of more stable operations in the second half of the financial year.Įarnings before interest and tax (EBIT) of R61,4 billion increased by more than 100% compared to the prior year, driven by higher crude oil prices, refining margins and chemical prices. This was offset by lower volume performance mainly due to the operational challenges experienced in the first half of the financial year. We benefitted from higher energy and chemicals prices, as well as strong cost and capital discipline through the delivery of our Sasol 2.0 transformation programme. 23, 2022 /PRNewswire/ - Sasol delivered a strong set of financial results against the backdrop of increased volatility resulting from ongoing geopolitical tensions, extended COVID-19 lockdowns and global supply chain disruptions. Earnings per share up more than 100% to R62,34, core headline earnings per share up more than 100% to R68,54.Earnings before interest and tax (EBIT) up by more than 100% to R61,4 billion.Reinstatement of dividend of R14,70 per share.
Balance sheet strengthened with net debt down to US$3,8 billion.Key terms agreed with IPPs for more than 600MW of renewable energy for SA Operations.Invested R1,2 billion in skills development.Black-owned businesses spend in South Africa up 40% to R33,6 billion of R55,8 billion B-BBEE spend.
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