Incitec Pivot Faces Financial Challenges, Shows Resilience

Incitec Pivot Limited (AU:IPL) has released an update.

Incitec Pivot Limited reports a challenging financial year ending September 2024, with revenues falling by 10.7% to $5.36 billion and a significant net loss of $310.9 million, largely attributed to continuing operations. Despite a decline in overall profitability, profit after tax from continuing operations excluding exceptional items grew by 23.7% to $357.8 million, indicating resilience in core activities. Shareholders will see a final dividend of 6.3 cents per security, though the Dividend Reinvestment Plan remains suspended.

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