Sasol sees profit declining as oil price slumps

Johannesburg - Sasol [JSE:SOL], the world’s biggest producer of liquid fuels from coal, said full-year profit fell as much as 19% after oil prices declined.

Earnings per share excluding one-time items probably declined by as much as R11.43 in the year to June 30 from R60.16 a year earlier, the Johannesburg-based company said in a statement on Friday.

“Sasol’s profitability was negatively impacted by a 33% lower average Brent crude oil price,” it said.