what value of being in the fertiliser business

From the west australian on global fertiliser prices and the impact on Incitec......

Incitec Pivot’s first half report is out – with first half profit trebling to $169.8 million, up from $57.2 million a year ago.

The increase is mostly due to record global fertiliser prices and cost cutting through a major restructure. First half sales are up 38 per cent to $749.3 million on year.

Incitec stock has risen 50 per cent in the year to date, compared with the benchmark S&P/ASX 200 index’s 11.2 per cent decline. IPL up $4.47 to $175.97.