Sasol reported a 17% jump in profit as the world\u2019s biggest producer of fuel and chemicals from coal benefited from a surge in the oil price caused by the Iran war.<\/p>\n\n\n\n
Johannesburg-based Sasol reported adjusted earnings before interest, taxes, depreciation and amortisation of R60.7 billion in the year ended June 30, it said in a filing on Tuesday. <\/p>\n\n\n\n
That compares with R51.8 billion in the same period a year earlier.<\/p>\n\n\n\n
The company ramped up production at its Secunda manufacturing hub, even though the emissions-rich process makes it South Africa\u2019s second-biggest emitter of greenhouse gases.<\/p>\n\n\n\n
The Secunda hub, with the capacity to produce 160,000 barrels a day of synthetic fuel, has increased output to the highest level in five years. <\/p>\n\n\n\n
Sasol\u2019s Natref plant, one of two crude-oil refineries still operating in South Africa, helped the nation mitigate a gap left by fuel imports from the Middle East stranded by the conflict.\u00a0<\/p>\n\n\n\n
Sasol\u2019s been realising a healthy profit, considering its $50 breakeven level, with the war pushing oil prices higher than $100 a barrel.<\/p>\n\n\n\n
The company is attempting to reduce its emissions. <\/p>\n\n\n\n