Sasol profit drops 17%; Loss on Canadian shale gas misadventure now R17.3bn
Johannesburg-based Sasol says full-year profit fell 17% after a sustained collapse in energy prices resulted in writedowns.
Johannesburg-based Sasol says full-year profit fell 17% after a sustained collapse in energy prices resulted in writedowns.
Sasol dropped the most in more than 17 years in Johannesburg trading after saying fiscal full-year profit will drop by as much as 30% following writedowns.
Anglo American Platinum (Amplats) expects a bigger-than-expected loss after it reported impairments and write-offs amounting to R14 billion.
Royal Dutch Shell announced its worst loss in 16 years on Thursday, including $8.2 billion in impairments.