EBIT of Sasol Limited 2017-2021
In 2021, the earnings before interest and tax of Sasol Limited amounted to approximately 16.6 billion South African rand (around 1.07 billion U.S. dollars). This a significant recovery from 2020, when the company had a loss before interest and tax of around 111.9 billion South African rand (7.2 billion U.S. dollars). This huge loss was due the effect of the coronavirus (COVID-19) pandemic and and lower oil prices. Moreover, Sasol Limited's Lake Charles Chemicals Project (LCCP) was in a ramp-up phase. Sasol Limited is a transnational company in the petroleum and chemical industry. The Johannesburg-based company is South Africa's second largest industrial company.