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BRIEF-Incitec Pivot Posts H1 Net Profit For The Period Attributable Of $41.9 Mln

Published 20/05/2019, 08:43 am
© Reuters.  BRIEF-Incitec Pivot Posts H1 Net Profit For The Period Attributable Of $41.9 Mln
IPL
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May 20 (Reuters) - Incitec Pivot Ltd IPL.AX :

* 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 PRODUCTION INTERRUPTION AT PHOSPHATE HILL PLANT ANTICIPATED TO BE ABOUT $115M Source: https:// Further company coverage: IPL.AX

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