Incitec Pivot Posts Drop In H1 Profit, Declares Dividend

Incitec Pivot Ltd ICPVY reported a drop in its first-half profit. Incitec Pivot's net profit for the period fell 13% to A$143.5 million (US$143.6 million), versus A$165.6 million, in the year-earlier period. Its sales climbed 8.7% to A$1.55 billion. Incitec Pivot declared an interim dividend of 3.3 cents per share. Its earnings at the explosives business before interest and tax climbed 21% y/y to A$177.5 million.