Sasol reports 26% rise in operating profit after one-offs

Sep 09, 2013, 11:28 AM EDT
A picture taken on September 22, 2010 shows a Sasol gasoline station in Johannesburg, South Africa.
AFP/STEPHANE DE SAKUTIN

Sasol, South Africa's largest company by sales and the world's leading producer of motor fuels from coal, reported a 10.5% increase in operating profit for the year to end-June at R40.6 billion ($4.1 billion) on sales up 7% at R169 billion. Excluding one-off charges totaling R8.5 billion, including those related to the sale of its Iranian business last month, the company says operating profit rose 26%. Revenue was boosted by higher synthetic fuel production and a weaker rand.

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