Incitec Pivot Limited Reports Unaudited Consolidated Earnings Results for Six Months Ended March 31, 2018; Provides Tax Rate Outlook for the Year 2018
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.