APA’s profit down but revenue up

Company News

by Anna Napoli

Natural gas and electricity company Australian Pipeline Group (ASX:APA) has reported its net profit after tax (NPAT) decreased 11 per cent to $124 million for the half year to December.

The company’s revenue rose 0.8 per cent to $1.19 billion.

Meantime, earnings (EBITDA) fell 0.6 per cent to $755 million.

The company declared an interim dividend of 21 cents.

The company says results for the half year period are in line with expectations.

 APA (ASX:APA) is on a trading halt and shares last traded at $8.26.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.