Sasol's Chemicals Business Posts Higher Profits and Sales

Sasol says its chemicals business generated a 26% increase in operating profits in the six months ended December 31, 2011 compared with the year-earlier period, to R4.3 billion ($578 million) on sales up 19%, to R47.2 billion. Operating profits at the Sasol Polymers subsidiary declined 5% year on year, to R546 million due partly to a 6% decrease in production volumes in South Africa, as well as higher feedstock costs and lower international polymer prices. The Arya Sasol Polymer joint venture in Iran ramped up to design capacity during the six-month period and...

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