Incitec Pivot lifts interim profit

Group delivers 7% increase in net profit following productivity push.

Explosives and fertiliser maker Incitec Pivot  has surprised the market with a 7% increase in first-half net profit, defying analyst expectations of an estimated 20% decline.

In the six months to March 31, Incitec posted a net profit of $115.7 million, up from $107.9m in the previous corresponding period and well above market estimates of $86.3m.

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