Incitec Pivot’s Profit & earnings fall 1H18

Company News

by Anna Napoli

Industrial chemical company, Incitec Pivot (ASX:IPL) has announced its net profit attributable to shareholders was down 95 per cent on first half 17 to $7.6 million for the first half 2018.

The chemical company’s earnings (EBIT) fell 1 per cent to $240 million

Its revenue strengthened over the period, and lifted 9.6 per cent to $1.7 billion.

The company declared an interim dividend of 4.5 cents per share unfranked.

Incitec said earnings were affected by higher commodity prices and a stronger Aussie dollar against the greenback.

Shares in Incitec Pivot (ASX:IPL) are trading 5.2 per cent lower to $3.56

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.