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