JOHANNESBURG - Global integrated chemicals and energy company Sasol said on Monday its headline earnings per share dropped 22 percent to R27.44 in the year to June 30.
Earnings before interest, taxes, depreciation, and amortization rose 10 percent to R52 billion and the company declared a dividend per share of R12.90.
Sasol said its resilient 2018 performance was underpinned by higher sales and production volumes in the second half of the year, partly enabled by higher global oil prices which contributed towards improved product prices and margins, notwithstanding continued exchange rate volatility.
Overall, its operational performance was satisfactory, although unplanned electricity supply interruptions by power utility Eskom and two internal outages at Secunda Synfuels Operations negatively impacted volumes.
Sasol said 2019 would be a defining year with the start-up of the Lake Charles Chemicals Project, a catalyst for transforming its earnings profile.