Despite a major rebound in Sasol’s earnings and a near halving of the synthetic fuel and chemical producer’s debt, the market was unconvinced by annual results as the group’s share price closed 5% lower on the day.
On Monday, the group reported a resurgence in headline earnings per share of R39.53, against a loss of R11.50 in 2020. Sasol also slashed its debt to R102.9bn from R189.7bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Source: News Formal (newsformal.com)
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