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Africa|Coal|Gas
Africa|Coal|Gas
africa|coal|gas

Sasol reports 34% decline in half-year profit

A Sasol sign at its Secunda plant

Photo by Bloomberg

26th February 2024

By: Reuters

  

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Sasol 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 R20.37 in the six months to December 31, down from R30.90 rand in the corresponding 2022 period.

The company declared an interim dividend of R2 a share, down from R7 previously.

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Edited by Reuters

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