If fertiliser and explosive company Incitec Pivot’s goal is to have more predictable and recurring earnings, then it still has quite a bit of work to do.
Its six months ended March 31 were knocked around by floods, snowfall, commodity prices (particularly urea, used to make the fertiliser) and gas prices – all external forces – and impinging on Incitec Pivot’s ability to produce, or cutting customer demand.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
