Incitec Reports FY19 Results; declares final dividend of 3.4 cps

1 min read | November 12, 2019 01:30 PM AEDT | By Team Kalkine Media

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Incitec Pivot Limited (ASX: IPL) reported NPAT of $152 million for FY19, including $140 million of non-recurring items, mainly due to impacts of the one in one-hundred-year flood event in north Queensland.

EBIT stood at $304 million, decreased by $253 million as compared to EBIT ex IMIs of $557 million in FY18;
Net debt increased to $1.69 billion at 30^th September 2019 (pcp: $1.37 billion) and Net Debt/EBITDA increased to 2.8x (pcp: 1.6x);
The company declared a final dividend of 3.4 cents per share, 30% franked. This makes a full year dividend of 4.7 cents per share (cps), down from 10.7 cents per share in FY18.

At AEST 01:04PM, the stock was trading at $3.540 per share, down by 1.393% from its previous close.

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