Sasol Profit Plunges on Oil-Price Drop, $483 Million Writedown
Sasol Ltd.’s 7.8 billion-rand ($483 million) writedown in parts of its South African and Mozambican businesses, together with a decline in oil and chemical prices, triggered a drop of as...
By Ana Monteiro · Bloomberg Markets
Sasol Ltd.’s 7.8 billion-rand ($483 million) writedown in parts of its South African and Mozambican businesses, together with a decline in oil and chemical prices, triggered a drop of as much as 99% in half-year profit.