Incitec Pivot Faces Sharp Profit Decline

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

Incitec Pivot Limited reported a significant downturn in its financial performance for the half-year ended 31 March 2024, with revenues and net profits both experiencing substantial decreases compared to the previous year. Revenues dropped by 19.4% while net profit attributable to members plunged into a loss. Despite these challenges, the company has declared an interim dividend of 4.3 cents and a special dividend of 10.2 cents, although the Dividend Reinvestment Plan remains suspended.

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