S Africa’s Sasol H1 chems op profit nearly doubles to $340m
Nurluqman Suratman
10-Mar-2014
SINGAPORE (ICIS)–Sasol’s chemicals
operating profit nearly doubled to South African Rand (R)
3.64bn ($340m) in June-December last year, compared with
R1.82bn in the same period in 2012, partly on strong
operational performance and improved margins, according
to a company statement on 10 March.
The firm’s chemicals cluster turnover
more than doubled to R98.9bn in the half-year period, from
R45.7bn in the same period in 2012, the company said
in the statement.
“In our European chemical businesses, we continue to optimise
our production volumes and margins, in light of the slower
than expected tenuous recovery of the European market,” the
company said.
“However, our Sasol Olefins and Surfactants business has
delivered improved business margins, specifically in the US,
while our Sasol Polymers business has performed better than
expected,” it added.
Sasol said that the group’s half-year profit
attributable to shareholders rose by 4.55% year on year to
R12.7bn, with turnover up by 23.1% at R98.3bn.
($1 = R10.73)
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