Ampol (ASX:ALD) records 197% growth in profit in H1FY24 despite 1% drop in revenue

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Highlights

  • In July 2024, ALD’s positive performance continued in key segments, reflecting continuation of trend established in 1HFY24
  • Significant global demand, refinery utilisation, and expected capacity expansions in 2024 are expected to contribute to refining margins in upcoming years
  • A fully franked dividend of 60 cents per share (cps) was announced in 1HFY24, representing 61% of Replacement Cost Operating Profit (RCOP) NPAT
  • Delisting from the NZX announced, effective 27 September 2024