Incitec Pivot Limited Reports Unaudited Consolidated Earnings Results for Six Months Ended March 31, 2018; Provides Tax Rate Outlook for the Year 2018
May 09, 2018 at 03:58 am IST
Incitec Pivot Limited reported unaudited consolidated earnings results for six months ended March 31, 2018. For the period, the company's revenue was AUD 1,683.2 million against AUD 1,535.7 million a year ago. Loss before income tax was AUD 55.4 million against profit of AUD 192.9 million a year ago. Profit attributable to members of company was AUD 7.6 million against AUD 152.1 million a year ago. Basic and diluted earnings per share were 0.5 cents against 9.0 cents a year ago. Net cash flows used in operating activities were AUD 138.4 million against AUD 101.0 million a year ago. Payments for property, plant and equipment and intangibles were AUD 138.0 million against AUD 173.0 million a year ago. EBITDA was AUD 384.0 million against AUD 373.3 million a year ago. EBIT was AUD 240.3 million against AUD 242.8 million a year ago. Net debt as on March 31, 2018 was AUD 1,744.7 million.
Effective tax rate is expected to be approximately 18% for fiscal year 2018.