Sasol Boosts Output, Adds Hedge as Oil Slump Weighs on Profit

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Sasol Ltd.’s profit plunged on lower crude prices even as the fuel and chemical producer boosted output and hedged against oil volatility.The company’s net income dropped 95% to 241 million randBloomberg Terminal ($15 million) in the six months through December from 4.6 billion rand a year earlier, Sasol said in its earnings statement on Monday. The top manufacturer of fuel and chemicals from coal expects sustained risk of a fall in oil prices, which largely determines the value of its products.