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Sasol's net profit drops by almost 12%

6:49 AM MDT | March 11, 2013 | Francinia Protti-Alvarez

Sasol (Johannesburg, South Africa) today reported a net profit of 12.61 billion rand ($1.39 billion) during the 6 months to 31 December 2012—down almost 12% from same period in 2011. The latest results were negatively impacted by once-off charges totaling R3.6 billion, the company says. Meanwhile, overall sales during the reporting period increased by 2.6%, to R85.44 billion, with the chemical cluster representing close to 57% of those sales, at R48.57 billion. Chemical cluster sales rose 3% versus the prior year, to R48.6 billion, second-half...

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