Sasol profit plunges 66% on weak chemical prices, skips final dividend

South African petrochemicals company Sasol reported a 66% fall in full-year profit on Tuesday, mainly due to weaker chemical prices, and skipped a final dividend. Headline earnings, which strip out one-off items and are the main profit measure used by South African companies, were R11.5-billion in the year to June 30, compared with R33.8-billion a year earlier.