Coal-to-Gasoline Maker Revises Forecast (SSL)
South African coal gasification company Sasol Limited (NYSE:SSL) forecast “robust growth” for its 2009 fiscal year which began in July. Yesterday, the company revised that forecast. It now expects “a moderate reduction” in its 2009 earnings. How times have changed. The company is also reviewing its capital spending budget. Shares are trading down over 4% at $25.73 this morning, and the 52-week trading range is $19.16 to $67.93.
January 22, 2009