Picture: BLOOMBERG / WALDO SWIEGERS
Picture: BLOOMBERG / WALDO SWIEGERS

Petrochemicals group Sasol released its interim results on Monday, reporting a 17% increase in headline earnings per share (HEPS) driven by higher crude oil prices.

Business Day reported that interim revenue grew 3.8% to R88bn, but higher costs results in its after-tax profit declining 17% to R7.7bn.

Earnings per share (EPS), however, were down 21%, largely due to the company scrapping its US gas-to-liquid project, amounting to R1.1bn, and a partial impairment of the Canadian shale gas assets of R2.8bn.

The company has increased its interim dividend by 4% to R5.

Sasol joint-CEO Bongani Nqwababa spoke to Business Day TV about the numbers.

Sasol joint-CEO Bongani Nqwababa talks to Business Day TV about the company’s interim results

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