Incitec Pivot FY profit slips

Explosives and fertiliser group hit by high dollar, low fertiliser prices.

Incitec Pivot (IPL) says it remains focused on maximising returns from its current business, after the high Australian dollar and low global fertiliser prices triggered a fall in net profit for 2013.

For the 12 months to September 30, Incitec Pivot reported a net profit of $372 million, down from $233.3 million in the previous corresponding period.

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