Lower demand: A Sasol fuel station in Pretoria, South Africa. The company’s results were impacted by the Covid-19 pandemic. — Bloomberg
JOHANNESBURG: Sasol Ltd says it will swing to a full-year loss per share after writedowns on US chemical assets contributed to 112 billion rand (US$6.3bil) of charges and oil prices declined.
The South African fuel and chemical maker’s results for the year ended June 30 were “impacted by the Covid-19 pandemic and a severe decline in crude oil and chemical product prices, ” Sasol said in a trading statement.
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