Sasol 1Q 2021 Production Fell 7% on Coronavirus Hit
October 22 2020 - 2:34AM
Dow Jones News
/
By Adria Calatayud
Sasol Ltd. said Thursday that saleable production for the first
quarter of fiscal 2021 fell 7% on year, as the coronavirus pandemic
resulted in a lower productivity rate.
The South Africa-based petrochemical and energy company said the
pandemic's impact on its operations appears to have peaked toward
the end of July.
Sasol said that its productivity rate for the July-September
quarter was 2% lower than in the year-earlier period, but that its
September productivity rate was in line with the company's
target.
Saleable production for the three months to the end of September
was 8.8 million metric tons, down from 9.5 million tons a year
earlier.
Separately on Thursday, the company warned of a hit of around
170,000 tons to its North American operations from Hurricane Laura,
which made landfall on Aug. 27 near its Lake Charles Chemicals
Complex in Louisiana.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 22, 2020 02:19 ET (06:19 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Sasol (NYSE:SSL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sasol (NYSE:SSL)
Historical Stock Chart
From Apr 2023 to Apr 2024