Sasol’s streamlines business, sees volumes improvement across operations
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This results summary is brought to you by Sasol.
- Mozambique gas production up 6% – Additional PPA wells and PSA contributing to higher production
- Secunda production up 1% – Phase shutdown and improved operational performance
- Chemicals Africa sales volumes up 2% – Phase shutdown and improved supply chain
- Chemicals America sales volumes up 3% – Higher utilisation rates
- Chemicals Eurasia sales volumes up 3% – Slight improvement in demand; margins remain under pressure
- Adjusted EBITDA down 9% to R60, 012 billion
- Final dividend passed, resulting in full year dividend of R2
Johannesburg, South Africa – Sasol’s 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 being 5% lower than the prior year. However, these factors were partially offset by the stronger rand oil price, improved refining margins, reduced total costs and higher sales volumes. Additionally, Sasol’s stronger operational performance in the fourth quarter contributed to an overall stronger performance in the second half of the year.
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