Sasol Withholds Dividend Despite Profit Gains as Debt Exceeds Policy Limit
Sasol reported higher earnings, with headline EPS up 9% and basic EPS rising 79% in its official results announcement. However, it did not declare a dividend because net debt remained about $3.3 billion, above the $3 billion ceiling in its distribution policy. Management cited rising net working capital that reduces cash available for debt repayment or payouts.