Tag: IPL

Ahead of an investor briefing, Incitec Pivot has downgraded guidance for FY19 and flagged a strategic review of its Australian fertiliser business.

The impact of the drought has driven Incitec Pivot (IPL) to review the future ownership of its Asia Pacific fertilisers business after it again slashed full-year earnings guidance.

Fertiliser and explosives maker, Incitec Pivot Limited (IPL) has finally found a deal to keep its Gibson Island in Brisbane open. The new gas supply deal will keep the fertiliser plant open until at least the end of 2022.

Drought, floods and smaller problems helped produce more than $140 million of significant one-off items which more than halved the earnings of fertiliser and chemicals manufacturer Incitec Pivot (IPL).

Incitec Pivot has provided further detail on the financial impact of the myriad problems impacting in FY19. These are mostly considered one-off issues and a better FY20 is expected.

Fertiliser and explosives group, Incitec Pivot (IPL) has warned of another $33 million hit to earnings from the drought the decision to close a phosphate factory in western Victoria.

Incitec Pivot is heading for a miserable 2018-19, especially for the first half to March 31.

Shares in fertiliser and explosives group, Incitec Pivot fell more than 8% yesterday after the company revealed a $45 million hit to full 2018-19 profit from surprise operational problems at its plants in both Australia and the US.

Shares in Incitec Pivot nearly 8% yesterday in the wake of what turned out to be disappointing full-year figures – even though final and full year dividends were boosted.

Nufarm, the crop protection group, warned earlier this week that the big dry across much of Australia’s Eastern States would impact 2017-18 earnings (helped by poor weather in the US and Europe). Yesterday, explosives maker, Incitec Pivot cited the dry weather as one of the reasons for its weak first half performance.

Incitec Pivot CEO, James Fazzino is going out in style – the company, a leading fertiliser and explosives maker lifted full-year profit to $318.7 million and small lift in final dividend for the year to September 30, and a $300 million share buyback over the next year.

Directors of Incitec Pivot (IPL), the fertiliser and explosives group lifted interim payout to shareholders to 4.5 cents a share for the year to March 31, from the 4 cents a share paid the year before when the result was hit with more than $105 million of impairments and write downs.

Shares in explosives and fertiliser group in Incitec Pivot (IPL) bounced around yesterday as investors couldn’t quite figure out the full year result.

Shares in fertiliser group, Incitec Pivot jumped yesterday, not because the company cut dividend and reported a drop in net profit after a big write-down, but in appreciation of the reasons for that write-down.

A solid 2014-15 result and a lift in dividend was not enough to convince grumpy investors that Incitec Pivot (IPL) shares were worth chasing in yesterday’s weak market.

The weaker Australian dollar has worked some magic on the bottom line of fertiliser and explosives maker Incitec Pivot (IPL) which turned a 6% rise in revenue into a 27% jump in after tax profit.

On the face of it the annual result for Incitec Pivot (IPL) and its 33% profit slump for the year to September 30 should have sent the shares lower with impairments and losses ruining a 15% rise in underlying earnings.

Incitec Pivot Ltd (IPL) nudged up its interim dividend for the six months to March 31 – although it wasn’t much of a nudge, more barely a slight tap.

Shares in fertiliser and explosives maker Incitec Pivot (IPL) rose strongly yesterday despite the company revealing a near $140 million fall in its full year profit thanks to reduced demand, low prices and the high value of the Australian dollar.

The market reacted calmly to the surprise news yesterday from explosives and fertiliser group Incitec Pivot (IPL) that it had taken a $23 million hit from operating problems at its ammonia plant in North West Queensland earlier this month.

Shares in chemicals and explosives maker Incitec Pivot rose yesterday after the company revealed lower earnings before one-off items and indicated it will see higher profits in the second (current) half of the year.

No reaction from local investors in Incitec Pivot, our major listed fertiliser group, in the local market yesterday to a strong profit upgrade from Canadian giant, Potash Corp.

With its early and surprisingly bullish market update out of the way last week, fertiliser maker Incitec Pivot turned to unfinished business yesterday, revealing plans to buy explosives maker Dyno Nobel for $3.3 billion in a cash and shares offer that will be done via a scheme of arrangement.

The country’s biggest fertilizer maker, Incitec Pivot (IPL) said today it is set to acquire manufacturer of commercial explosives Dyno Nobel (DXL) for $3.3 billion, a result which will create a ‘leading global chemicals company’.

Yes, we know the drought has had a dramatic impact on rural and regional Australia’s farmers, towns, cities and companies, but a combination of surging world prices and a possibly better season this year has seen the country’s biggest fertilizer maker, Incitec Pivot forecast a more than doubling in pre tax earnings for the year to September 30.

Shares in Incitec Pivot (IPL) surged as much as 9% on Thursday after the fertilizer manufacturer and supplier increased its 2008 outlook up to 135% on the previous year due to higher international prices.

The cost pressures and shortages of resources have caused work on a half billion dollar mining explosives plant in Queensland to be halted.

Dyno Nobel (DXL), Commercial Explosives Maker, fell by 13% today after it announced it has suspended its Moranbah project in Queensland indefinitely because it no longer meets the group’s financial criteria.

Despite the drought and the higher Aussie dollar, fertilizer group, Incitec Pivot is expecting strong global demand for its products and high world prices, to help earnings grow from the 2007 record figures produced yesterday.