By Jaime Llinares Taboada


Sasol Ltd. said Monday that its chemicals sales volume fell more than expected in fiscal 2022, although the group benefited from higher pricing and refining margins in the period.

The South African energy and chemicals group reported that its chemicals sales revenue rose 22% in the year ended June 30 on the back of higher average sales prices. However, sales volumes fell 10%, below previous guidance of a 4%-8% drop.

In addition, energy volumes were lower due to operational challenges but fuel sales exceeded previous guidance of 52 million-54 million barrels due to increased demand.

For fiscal 2023, Sasol forecast further pricing and demand volatility with potential for demand contraction due to higher inflation and interest rates.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

07-25-22 0246ET