Ampol posts near five-fold surge in profit as Iran war boosts refining margin
Aug 24 (Reuters) — Australia’s Ampol (ALD.AX), opens new tab posted a 376% rise in interim profit on Monday, supported by robust Lytton refinery margins and strong contributions from its convenience retail and its fuel and infrastructure segments.
The country’s top fuel retailer reported record underlying net profit after tax of A$857.2 million ($614.44 million) on a replacement cost basis for the half year ended June 30, compared with A$180.2 million a year earlier. That compares with a Visible Alpha consensus estimate of A$840 million.
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($1 = 1.3951 Australian dollars)
Reporting by Sherin Sunny and Keshav Singh Chundawat in Bengaluru; Editing by Mark Porter
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