SASOL has reported a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs.
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 ($1.06) in the six months to 31 December 2023, down from R30.90 in the corresponding 2022 period.
The company declared an interim dividend of R2 per share, down from R7 previously. Shares in Sasol traded around 5% weaker on Monday, at below R139 a share just after 10am. – moneyweb.co.za