South African budget vote passes but key coalition partner dissents
South Africa’s Sasol post 13% rise in annual profit
12:11 CAT | 23 Aug 2023
Image: Wikimedia Commons
South African petrochemicals major Sasol posted a 13% rise in annual profit on Wednesday as better operations in the second half offset the impact of weaker crude prices.
The company said its headline earnings per share (HEPS), a profit measure, was 53.75 South African cents for the 12 months ended on June 30, up from 47.58 cents posted a year ago.
Its basic earnings per share, which includes one-off costs, was down by over three-fourths, however, on account of a huge impairment at its flagship plant.
Source: Reuters
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