Sasol with their results out this morning for their first half to end December 2009. Highlights include a dividend increase, lowlights, Headline Earnings per share down 51 percent to 1067 cents. Pat Davies, the chief, sums it up in his first line of the commentary: Our deliberate, intense efforts on operational improvement and cost reduction have resulted in an overall improvement in volumes and a reduction in unit cash costs.
Remember that the second half of the last financial year was more than just a flat tyre. Sasol Synfuels is still the business. Really. A Bloomberg story on Business Week done by our local Carli Lourens: Sasol's First-Half Profit Falls 52% as Oil Declines sums it up well.