South Africa's Sasol reports 34% half-year profit decline due to weaker oil and petrochemical prices and higher costs.

South Africa's Sasol reported a 34% decline in half-year profit due to weaker oil and petrochemical prices and higher costs. The most common profit measure in South Africa fell from R30.90 to R20.37 in the six months to Dec. 31. Sasol's net profit dropped to ZAR9.58 billion from ZAR14.58 billion in the same period a year prior. The company declared an interim dividend of ZAR2.00, down from ZAR7.00.

February 26, 2024
5 Articles

Further Reading