Sasol says cost cutting helped offset hurricanes and an oil price fall in 2020
The group says a decline in operational profits in its half year to end-December is likely, but says this was contained amid a strong performance
29 January 2021 - 07:58
Chemicals and energy group Sasol says progress in its cost-control efforts result in a “strong set of results” in its half year to end-December, with operating profits only expected to decline as much as 10%, even as it was battered by hurricanes and a slump in the price of oil.
In a trading update on Friday Sasol said its adjusted earnings before interest, tax, depreciation and amortisation (ebtida) is expected to be in a range of R17.9bn-R19.8bn to end-December, either flat, or a decline of up to 10%...
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