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Incitec lifts profit as Qld plant in doubt

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November 14, 2017

Fertiliser and explosives maker Incitec Pivot lifted full-year profit to $318.7 million.

Fertiliser and explosives maker Incitec Pivot has lifted full-year profit by eight per cent to $318.7 million.

Net profit for the year to September 30 more than doubled compared to the $128 million profit recorded a year ago, which was dampened by lower global commodity and fertiliser prices.

Revenue rose 3.6 per cent to $3.5 billion, from $3.4 billion a year ago, driven by record earnings from explosives, earnings following the completion of Incitec's Waggaman plant and a resilient fertiliser division.

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