Sasol earnings up 25% on weak rand

Headline earnings per share for the year to end-June totalled R52.62, from R42.28 a year earlier.

, 's largest company by revenue, said it took R5.6bn of impairments related to its wax expansion project and the value of its stake in the Company, which has since been sold.

The world's top maker of motor fuels from coal said production volumes of synthetic fuels increased by 4% to 7.4 million tonnes, while revenue was boosted by a 14% weakening of the rand-dollar exchange rate.

While 's synthetic fuels business remains its primary revenue driver, the company has increasingly diversified into chemicals and gas and clean-energy projects, to align itself with the global trend toward cleaner energy.

It plans to spend up to $14bn building the first US commercial plant that will turn natural gas into liquid fuels.

A final cash dividend of R13.30 was declared, bringing the total dividend to R19.