Sasol Reports Half-Year Results
Sasol reported half-year EBITDA of ZAR 21.8 billion, which represents a 5% decrease from the year-ago period. Decreased performance was driven by the strengthening of the rand against the U.S. dollar, resulting in a translation loss of approximately ZAR 1.3 billion. Also, the continuing strike at the Secunda mining operations cost the company approximately ZAR 1 billion during the six months ended Dec. 31, 2016. During the year, Sasol continued the advancement of its growth strategy, highlighted...
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