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

Wed 25 Sep 24, 07:46 AM | Team Kalkine

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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

Ampol Ltd (ASX:ALD) is an ASX-listed company which operates an integrated fuels value chain in Australia, positioning it to capitalise on convenience and petrol segments. Notably, both segments are increasingly contributing to the company’s earnings.

In the first half of the financial year 2024, revenue from ordinary activities fell by 1.10% YoY to AUD 18,243 million, due to 6% YoY fall in sales volumes. However, a notable surge in the average Australian dollar sales price partially offset the impact lower volumes.

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