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.