SASOL LIMITED: AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2024
0mins
Source: PRnewswire
Financial Performance Overview: Sasol reported a turnover of R275.1 billion for the year ending June 30, 2024, reflecting a 5% decline due to challenging market conditions, resulting in a loss before interest and tax of R27.3 billion and significant asset impairments totaling R56.7 billion.
Dividend Policy Change: The company revised its dividend policy to be based on 30% of free cash flow generated, contingent upon maintaining net debt below USD 4 billion; however, no final dividend was declared for 2024 due to exceeding this threshold.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
