Business & Industry Fossil Fuels

Sasol’s full-year earnings increase by 25%

Sasol, the world’s biggest coal-to-gasoline producer, says full-year profit climbed 25% after production at its synfuels division increased.

Earnings excluding one-time items rose to R52.62 per share in the 12 months ended June, from R42.28 the previous year, the Johannesburg-based company said in a statement today. That met the Sasol’s August 1 forecast for an increase of 20% to 30%.

“Macroeconomic factors continue to support Sasol’s overall value proposition,” chief executive David Constable said in the statement. Read on M&G ONline

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