Sasol Posts Nine Percent Annual Profit Rise
South African firm Sasol reported a nine percent rise in annual profit driven by higher crude oil prices and increased fuel sales volumes. The company skipped its dividend as net debt remained above its threshold.
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SASOL LTD-SPONSORED ADR posted a 9% rise in annual profit to 38.31 rand ($2.38) per share, driven by higher crude oil prices and sales volumes. The company skipped paying a dividend as net debt remained above its $3 billion cap. Earnings grew from 35.13 rand the previous year in South Africa's petrochemical sector.
