Citing “challenging and highly volatile global markets,” South Africa’s Sasol Ltd. reported total YE17 profits of ZAR 15 billion ($1.1 billion) on revenue of ZAE 172.9 billion ($13.1 billion). Earnings were down nearly 52% from ZAR 31.2 billion and revenue was off 7% from the previous year. Operating profit of ZAR 24.2 billion was down 48% YOY. Multiple one-off items affected the company’s earnings, writing off impairments costing ZAR 12.9 billion, compared with 800......
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