Dalrymple Bay Infrastructure boss steps down as profit jumps

Jenny WigginsInfrastructure reporter

Updated Aug 28, 2023 – 3.41pm, first published at 10.06am

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Key Points

Why it matters: Dalrymple Bay Infrastructure runs one of Queensland’s coal export terminals.
The company reaffirmed its guidance for full-year dividends of 21.5¢ a share in fiscal 2024.
Any diversification away from coal needs the backing of long-term agreements.

Queensland coal export terminal Dalrymple Bay Infrastructure says chief executive Anthony Timbrell will step down, as higher fees from handling coal exports helped lift interim net profit fivefold to $34 million.

Mr Timbrell has run DBI since 2010, and steered the company through its initial public offering in 2020 which was priced at $2.57 a share.

Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport.