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Ampol Resumes Operations Post-Cyclone Alfred with Minimal Financial Impact

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Ampol Resumes Operations Post-Cyclone Alfred with Minimal Financial Impact

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

For detailed information about ALD stock, go to TipRanks’ Stock Analysis page.

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