Sasol got plenty of attention on Tuesday, 28 August, by announcing a return to dividends. An increase in the average rand oil price per barrel of 68% did wonders for the earnings and the balance sheet, enabling a R14.70 dividend to be declared. Net debt to earnings before interest, taxes, depreciation and amortisation is just 0.8x, so the turnaround at Sasol continues.
South32 deserves a mention for its year of record earnings and cash flow. Headline earnings per share was more than six times higher for the year ended June 2022 than the prior year, a remarkable performance driven by a 69% increase in revenue from continuing operations and Ebitda margin expansion from 26.4% to 47.1%. There has been extensive corporate activity this year, including acquisitions in copper, aluminium and bauxite.
Sibanye-Stillwater results show financial damage inflicted by a protracted labour strike. Gold production fell by 65% on the previous six months at a time when the average gold price was 7.3% higher, so the company couldn’t take advantage. Combine that with flooding in US platinum operations and a drop in headline earnings was inevitable.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABCNews - 🏆 37. / 51 Read more »
Source: SABCNews - 🏆 37. / 51 Read more »