Sasol Ltd Reported 2024 EBIT Decline Of Over 100% YoY, EPS Decline Of 66% YoY
Portfolio Pulse from Benzinga Newsdesk
Sasol Ltd reported a significant decline in its 2024 financial performance, with EBIT dropping over 100% year-over-year and EPS declining by 66%. The company also reduced its interim and final dividends.
August 20, 2024 | 6:40 am
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Sasol Ltd's 2024 financial results show a severe decline in EBIT and EPS, with EBIT dropping over 100% YoY and EPS down by 66%. The company also cut its interim and final dividends significantly.
The drastic decline in EBIT and EPS, along with significant dividend cuts, indicates financial struggles for Sasol Ltd. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100