S.Africa’s Sasol reports 34% decline in half-year profit

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S.Africa’s Sasol reports 34% decline in half-year profit

11:27 CAT | 26 Feb 2024

File photo: Notícias

South Africa’s Sasol SOLJ.J reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs.

Sasol, the world’s biggest producer of fuels and chemicals from coal and gas, said its headline earnings per share (HEPS) – the most common profit measure in South Africa – was 20.37 rand ($1.06) in the six months to Dec.31, down from 30.90 rand in the corresponding 2022 period.

The company declared an interim dividend of 2 rand per share, down from 7 rand previously.

($1 = 19.3077 rand)