Chemicals and energy group Sasol said on Thursday its first-half headline profit would rise by more than 20% year on year, boosted higher international oil prices and weaker rand.
The factors collectively affected production and sales volume performance during the second quarter of the financial year, as well the outlook for remainder of the financial year. Sasol’s force majeure on the local supply and export of certain chemicals products was largely lifted at the beginning of November with the end of the Transnet strike action in October.
As result of the operational challenges within the SA value chain, Secunda operations production volumes will be between 6.6-million and 6.9-million tonnes, lower than previous guidance of 7.0-million to 7.2-million tonnes.