Ampol Limited ( (AU:ALD) ) has issued an announcement.
Ampol Limited announced that its refinery has resumed normal operations following a temporary shutdown due to Cyclone Alfred. The cyclone caused damage to a crude storage tank, resulting in an estimated repair cost of $20 million and increased demurrage costs of $5 million per month for three months. The company expects to recover about half of these costs through insurance, minimizing the financial impact on its operations.
More about Ampol Limited
Ampol Limited operates in the energy sector, primarily focusing on refining and marketing petroleum products. The company is known for its extensive network of service stations and supply chain operations across Australia, catering to both retail and commercial customers.
YTD Price Performance: -16.42%
Average Trading Volume: 11,203
Technical Sentiment Signal: Buy
Current Market Cap: $3.61B
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