Melbourne-Incitec Pivot Ltd. (IPL) reported net profit after tax of A$410.5 million on revenues of $2.93 billion for the year ending Sept. 30, 2010, compared to the year-ago loss of $221.4 million on revenues of $3.42 billion. The company said its mix of earnings was 50-50 explosives and fertilizers. IPL said its 330,000 mt/y A$935 million Moranbah ammonium nitrate project, which is due up by the end of March 2012, is already 90 percent sold out ?Çô 40 percent as emulsion and the rest as ammonium nitrate. The project is now 55 percent complete. Dyno Nobel Americas delivered an increased EBIT of US$147.9 million, up from the year-ago $145.4 million, despite flat market conditions and a 2 percent reduction in revenue. During the year it resigned Peabody Coal, which is IPL’s largest customer globally. Plant turnarounds were completed both at Cheyenne, Wyo., and St. Helens, Ore. Dyno Nobel Asia Pacific achieved a 60 percent EBIT increase to A$176 million, up from the year-ago $109.8 million. Incitec Pivot Fertilisers reported EBIT of A$334.4 million, up 11 percent over 2009.
Transparency Across the Fertilizer Value-Chain