Incitec Pivot Limited
(ASX:IPL) has issued a profit warning for the full 2015 financial year.
The fertilizer, explosives and chemicals company expects its net profit will take a hit of up to $6 million this year.
The charge comes following an unexpected gas supply reduction to its ammonium nitrate plant at Moranbah in central Queensland.
The gas is supplied through a joint venture group partly owned by AGL Energy Limited
(ASX:AGL).
The JV has advised gas supply will drop between 10 and 20 per cent and the supply restriction will extend into next year.
Incitec Pivot reported a net profit of $146.5 million in the first half of the 2015 financial year.
