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Incitec Pivot hit by end of BHP contract

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December 06, 2017

Incitec Pivot has warned its 2020 and 2021 profits will be hit by the end of a contract with BHP

Incitec Pivot has warned its 2020 and 2021 full-year profits will be hit by the end of a contract to supply ammonium nitrate prill to mining giant BHP Billiton.

The fertiliser and explosives maker says it will incur a hit of $10 million on its net profit in FY20 and $25 million in FY21 because of contractual commitments to a third-party supplier in WA.

Incitec says there will be no financial impact in this financial year or the next, with the contract ending in November 2019.

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