https://newsletter.en.creamermedia.com
Coal|Gas|Petrochemicals|Products|Operations
Coal|Gas|Petrochemicals|Products|Operations
coal|gas|petrochemicals|products|operations

Sasol posts 13% rise in annual profit

Sasol Secunda

Sasol Secunda

23rd August 2023

By: Reuters

  

Font size: - +

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.

The world's biggest producer of fuel products and chemicals from coal and natural gas last week announced a R35-billion impairment charge at its biggest facility Secunda on account of higher interest rates and emission reduction costs.

This impairment comes amid the company's efforts to become more environmentally friendly and reduce its carbon footprint to meet its 2050 net zero commitment.

Edited by Reuters

Comments

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (17/01/2025)
17th January 2025 By: Martin Creamer
Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.423 0.515s - 213pq - 2rq
Subscribe Now