Incitec Pivot fiscal-year net profit up almost 13%
Nov. 15, 2011
Revenue in 2010-11 surged 33% on year to A$3.91 billion from A$2.93 billion as fertilizer prices and volumes rose. The company declared a final dividend of 8.2 cents, up from 6.0 cents a year earlier, according to a company statement.
Chief Executive James Fazzino said the result reflected a strategy to build a solid financial platform to leverage the urbanization and industrialization of Asia, in particular China.
The next phase is to drive further shareholder value through long-term productivity improvements in the existing businesses and to pursue growth options consistent with our strategy and our strict financial disciplines," he said.
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