{"id":15234,"date":"2025-08-25T09:17:46","date_gmt":"2025-08-25T09:17:46","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15234"},"modified":"2025-08-25T09:17:46","modified_gmt":"2025-08-25T09:17:46","slug":"sasol-swings-to-profit-on-higher-chemical-prices-lower-writedowns","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15234\/","title":{"rendered":"Sasol swings to profit on higher chemical prices, lower writedowns"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0South African petrochemical firm Sasol said on Monday it swung to an annual profit on the back of higher chemicals prices, tighter cost controls and lower asset writedowns.<\/p>\n<p data-reader-unique-id=\"5\">The company, which produces fuel and chemicals from coal and gas, posted basic earnings per share of 10.60 rand ($0.6070) for the year ended June 30, compared to a 69.94 rand loss per share last year.<\/p>\n<p data-reader-unique-id=\"6\">Sasol also benefited from a 4.3 billion rand payout from Transnet, after it claimed in a legal suit the state-owned logistics firm had overcharged for oil transportation over several years.<\/p>\n<p data-reader-unique-id=\"78\">The company said its turnover fell 9%, mainly due to lower sales volumes and reductions in rand oil prices and refining margins.<\/p>\n<p data-reader-unique-id=\"79\">However, it managed to keep cash fixed cost increases below inflation, while capital expenditure of 25.4 billion rand was 16% lower than the previous year.<\/p>\n<p data-reader-unique-id=\"80\">Sasol also recorded significantly lower impairments of 20.7 billion rand, compared with 74.9 billion rand in the previous year.<\/p>\n<p data-reader-unique-id=\"92\">Asset writedowns in the 2025 financial year were related to its Secunda and Sasolburg liquid fuels refinery operations, Mozambique gas production sharing agreement and exploration project, and Italian chemicals business.<\/p>\n<p data-reader-unique-id=\"93\">The bulk of Sasol&#8217;s impairments the previous year was related to its U.S chemicals operations, hit by low prices and weak demand.<\/p>\n<p data-reader-unique-id=\"94\">Sasol once again skipped dividend payments as its $3.7 billion net debt remained above the $3 billion debt cap in terms of its dividend policy.<\/p>\n<p data-reader-unique-id=\"102\">($1 = 17.4620 rand)<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2025-08-25T09:17:46+00:00\"> 25 August 2025<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"South African petrochemical firm Sasol said on Monday it swung to an annual profit on the back of higher chemicals prices, tighter cost controls and lower asset writedowns.","protected":false},"author":1,"featured_media":15235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,46,36,19,21,35],"tags":[],"services":[],"class_list":["post-15234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-international","category-lastnews","category-news","category-petrochemical","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/15234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=15234"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/15234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/15235"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=15234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=15234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=15234"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=15234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}