ALD ampol limited
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News: ALD Australia's Ampol posts 11% drop in first-half profit as fuel sales drop

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    25/08/20
    08:50
    Post #: 46786535

    Aug 25 (Reuters) - Fuel supplier Ampol Ltd (ALD) reported an 11% fall in first-half profit on Tuesday, as a coronavirus-induced slump in fuel demand outweighed improvements in fuel retail margins.

    Net profit for the six months ended June 30 fell to A$120 million on a replacement cost basis, which excludes the impact of inventory and foreign exchange changes, from A$135 million a year earlier.

    The company declared an interim dividend of 25 Australian cents per share, compared with 32 Australian cents last year.

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