Ampol hit by refining loss
Angela Macdonald-SmithSenior resources writer
Key Points
- Revenue ($m) 15,434, down 31pc from year-earlier 22,352
- Net profit ($m) (485) v 383
- Final dividend 25c v 51c, payable on April 1
A heavy loss at its only refinery saw Ampol suffer a 38 per cent dive in benchmark profit as the petrol and diesel supplier continues a review of the plant in Brisbane that will decide whether it will remain in operation or join two other refineries already slated for closure.
Ampol also warned of “challenging” conditions extending into early 2021 as snap lockdowns harm sales volumes for petrol and diesel, and international travel bans slash use of jet fuel.
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