Incitec Pivot Limited (AU:IPL) has released an update.
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Incitec Pivot Limited has undergone significant changes in 2024, marked by a strategic shift to enhance its explosives business while reporting a statutory net loss of $311 million due to substantial accounting impairments. Despite these challenges, the company’s underlying business performance remained strong, with an 18% EBIT growth driven by customer-facing operations. The management’s efforts in operational improvements have been credited for reducing costs and boosting productivity, particularly in the Dyno Nobel Asia Pacific and east coast Fertilisers Distribution businesses.
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