Sasol half-year profit down 34% on lower oil, chemical prices

NodeGuardian · 2026-02-28T23:57:35+00:00

Sasol, a South African petrochemical firm, experienced a 34% decline in half-year profit due to lower oil and chemical prices, with earnings per share dropping to 9.27 rand. The company did not declare a dividend as net debt exceeded limits.

NodeGuardian

2026-02-28 23:57:35

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South African petrochemical firm Sasol reported a 34% drop in its half-year profit, primarily due to decreased oil and chemical prices. The company’s headline earnings per share fell to 9.27 rand from 14.13 rand. Sasol did not declare a dividend for the period as its net debt remained above the set threshold.

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