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Sasol reports rise in first-half profits and sales

8:21 AM MDT | March 10, 2014 | Deepti Ramesh

Sasol reports a 4.84% rise in profits for its fiscal first-half ended 31 December 2013 compared with the year-ago period, to 13.2 billion rand ($1.22 billion). First-half sales increased 23%, to R98.3 billion. Sasol’s chemicals segment reports a 26.3% rise in first-half sales compared with the year-ago period, to R57.8 billion. Operating profits for the chemicals segment doubled, to R3.64 billion. Within the company’s chemicals segment, the polymers business recorded an operating loss of R351 million in the first half compared to an operating loss of...

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