Fertiliser maker Incitec Pivot Ltd
(ASX:IPL) says it is above budget and on track to meet its earnings expectations this year.
The firm added that floods and heavy rain, which reduced crop quality and volumes in Australia, would only have a limited, short-term effect on some of its businesses.
The news sent Incitec’s share up 3 per cent on Tuesday.
For the year ended 30 September 2010, Incitec reported a net profit of $412 million.
