Incitec Pivot Posts H1 Net Profit For The Period Attributable Of $41.9 Mln [Reuters]
INCITEC PIVOT LTD S/ADR (INCZY)
NASDAQ:AMEX Investor Relations:
investors.incitecpivot.com.au
Company Research
Source: Reuters
Incitec Pivot Ltd (IPL.AX) Key Developments | Reuters.com May 20 (Reuters) - Incitec Pivot Ltd ::INTERIM DIVIDEND 1.30 CPS.H1 PROFIT AFTER TAX EXCLUDING INDIVIDUALLY MATERIAL ITEMS ATTRIBUTABLE DOWN 71.5% TO $41.9 MLN.H1 NET PROFIT FOR THE PERIOD ATTRIBUTABLE UP 451.3% TO $41.9 MILLION.H1 REVENUES FROM ORDINARY ACTIVITIES UP 3.5% TO $1,742.3 MILLION.FY19 EBIT EXPECTED TO BE BETWEEN $370M AND $415M.GROUP EBIT WILL BE SKEWED TO SECOND HALF.TALKS WITH THIRD PARTIES REGARDING AFFORDABLE DOMESTIC GAS SUPPLY FOR GIBSON ISLAND MANUFACTURING FACILITY THROUGH 2022 ARE ONGOING.IF AFFORDABLE GAS SUPPLY FOR GIBSON ISLAND MANUFACTURING FACILITY CANNOT BE SECURED, OPERATIONS AT SITE WILL CEASE IN DECEMBER 2019.THE TOTAL IMPACT FROM HIGHER GAS COST FOR FY19 IS EXPECTED TO BE APPROXIMATELY $49M AT GIBSON ISLAND.ESTIMATE OF CLOSURE COSTS AT GIBSON ISLAND MANUFACTURING FACILITY IS ABOUT $65M TO $75M.FULL YEAR CORPORATE COSTS ARE EXPECTED TO BE APPROXIMATELY $30M.TOTAL IMPACT FOR FY19 FROM TEMPORARY PRO
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