Sasol revenue hammered by weak prices and demand pressure
Company reports a 21% drop in revenue for chemicals business for the six months to end-December
25 January 2024 - 11:59
Chemicals and energy company Sasol on Thursday reported a big drop in revenue in its chemicals business on the back of a slowdown in the key Chinese market and economic headwinds in Europe.
Combined sales volumes of chemicals at its operations in Africa, the US and Europe rose 4% in the six months to end-December, though revenue was down 21% as the average basket price for its products fell 24% from the same period a year earlier...
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