Currency Fluctuations Hit Sasol, but the Company Has Its Growth Plans in Place

South African energy and chemicals company Sasol (NYSE: SSL) released its annual earnings report for the financial year ended June 30, 2017 on August 21. Going by the numbers, it appears that management's efforts to rein in costs and capital spending amid challenging business conditions is paying off. Meanwhile, Sasol doesn't foresee any further cost or time overruns on its key Lake Charles Chemicals Project (LCCP), even as it intends to shift focus to profitable assets and strengthen its financials going forward.

Here's the lowdown on Sasol's key numbers and its outlook for the year ahead.

Despite a stagnant top line, Sasol continues to drive its profits higher thanks largely to stringent cost control as is evident in the table below. Note that all financial amounts in the table are in South African rand, as reported by Sasol.  

Continue reading

Source: Fool.com