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Australia's Incitec Pivot posts 3.3 pct fall in H1 profit

Published 09/05/2018, 08:47 am
Updated 09/05/2018, 08:50 am
Australia's Incitec Pivot posts 3.3 pct fall in H1 profit
IPL
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May 9 (Reuters) - Explosives and fertilizer maker Incitec Pivot Ltd IPL.AX on Wednesday said its first-half underlying profit fell 3.3 percent, hit by a stronger local currency, unplanned outages, and turnarounds at Cheyenne and St Helensun plants.

The world No.2 maker of industrial explosives said net profit before one-offs fell to A$147.1 million ($109.62 million) in the six months ended March 31 from A$152.1 million a year earlier.

The company also announced an interim dividend of 4.5 Australian cents per share. ($1 = 1.3419 Australian dollars)

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