Ampol recently reported a 25% decrease in annual net profit from continuing operations, alongside the declaration of a special dividend in addition to its regular payout. This comes as the company navigates through weaker refining margins, counterbalanced by a strong performance from its non-refining units.
Financial Highlights
Net Profit: Ampol's net profit for the 12 months ending in December stood at 549.1 million Australian dollars (US$358.7 million), a decline from 795.9 million Australian dollars in the previous year. The prior year's figure included a 68.4 million Australian dollar earnings contribution from operations that are no longer part of the company's portfolio.
Replacement Cost-of-Sales Basis: Adjusting for changes in oil prices, Ampol's profit increased to A$740.1 million, marking a 1.1% rise compared to the previous year's figure of A$762.9 million. This calculation is on a continuing basis and excludes significant items.
Annual Revenue: Total revenue for the year amounted to A$37.75 billion, slightly down from A$38.49 billion in the prior year.
Dividends: The company announced a final dividend of A$1.20 per security, up from A$1.05 in the previous year. Additionally, a special dividend of A$0.60 per security was declared, indicating a second year of extra capital management initiatives.
These financial results underscore Ampol's commitment to delivering value to its shareholders while navigating the challenges posed by fluctuating market conditions.
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