Sasol (SSL) posted a fiscal 2024 loss before interest and tax of R27.3 billion compared to profit before interest and tax of R21.5 billion in the prior year. The company said the decline was mainly due to increased asset impairments, lower earnings before interest, tax, depreciation and amortisation, translation losses and reduced derivative gains. Basic loss per share was R69.94 compared to profit of R14.00. Headline profit declined 66% to R11.5 billion. Headline earnings per share was R18.19 compared to R53.75.
Sasol said its financial results for the year ended 30 June 2024 were negatively impacted by challenging market conditions, with continued pressure from constrained margins and depressed chemicals prices resulting in turnover of R275.1 billion, down 5%.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.