The South African petrochemical company Sasol announced on Tuesday, August 12, that it expects a significant recovery in profitability for the fiscal year ended June 30, supported by higher chemical product prices, tighter cost control, and lower asset impairments, Reuters reported.
The company expects earnings per share between $0.40 and $0.68 (25.40 to 43.17 meticais), reversing the $3.95 loss per share (267.81 meticais) recorded the previous year.
According to the company’s business update, asset impairments fell to $1.13 billion (71.9 billion meticais), compared with $4.09 billion (259.9 billion meticais) in the previous fiscal year.
The impairments recorded in 2025 are related to the operations of the Secunda and Sasolburg liquid fuel refineries in South Africa, the gas production sharing agreement, and the exploration project in Mozambique, as well as the company’s chemical activities in Italy. In the previous year, most impairments were associated with chemical operations in the United States, affected by low prices and weak demand.
Sasol will release its financial results on August 25.
Source: Diário Económico
