(Recasts paragraph 1, updates with further details and background)
July 25 (Reuters) - Australian fuel retailer Ampol (ALD) on Thursday forecast lower earnings for the first half of fiscal 2024, reflecting a fall in total second quarter production at its Lytton refinery in Queensland.
It recorded second-quarter Lytton output of 1,420 million litres, compared with 1,484 million litres reported a year ago.
The company expects earnings before interest and tax on a replacement cost basis (RCOP EBIT) to be between A$500 million ($329.00 million) and A$510 million for the first half of 2024, lower than last year's A$576.3 million.
Total sales volume for the company also fell during the half year to 13,252 million litres from 14,081 million litres a year ago.
It recorded second-quarter Lytton refinery margin of $8.81 per barrel, lower than the first quarter this year due to lower product cracks and a time difference between the crude being priced and being consumed during production.
($1 = 1.5198 Australian dollars)
News: ALD UPDATE 1-Fuel retailer Ampol expects lower earnings for fiscal first-half
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