Sasol’s Profit Beats Estimates, Dividend Rises by 24%
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Sasol Ltd., the largest producer of motor fuels made from coal, beat analysts’ earnings estimates and raised its dividend payment by 24 percent after increasing production and cutting costs.
Earnings advanced 16 percent to 54 rand ($3.71) a share in the year through June, the Johannesburg-based company said in a statement today. Excluding one-time items, earnings climbed to