SOURCE: Industrial Info Resources

September 10, 2008 05:30 ET

Oil and Chemical Giant Sasol Brings in Record Profits for 2008, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 10, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On September 8, South African energy and chemical giant Sasol Limited (NYSE:SSL) (Johannesburg) released its financial report for the 2008 fiscal year, which ended June 30. The company, as a whole, made record profits for the year. Operating profits were up 32% from last year, reaching $4.3 billion. This significant increase was, in large part, because of the increased price of crude oil, which Chief Financial Officer Christine Ramon noted had increased an average of 49% year on year. High coal prices also helped raise Sasol's profits. Industrial Info is currently tracking $5.4 billion of Sasol's active projects throughout the world.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to alternativefuelsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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