Australian fuel retailer Ampol's full-year profit jumps 83%
Reuters
Feb 23
Australian fuel retailer Ampol's full-year profit jumps 83%
Feb 23 (Reuters) - Australia's top fuel retailer Ampol ALD.AX posted an 83% rise in annual profit on Monday, helped by strong refiner margins at its Lytton refinery and a robust performance from its convenience retail operations.
The company reported net profit after tax from continuing operations of A$429.2 million ($303.92 million) on a replacement cost basis for the year ended December 31, compared with A$234.8 million a year earlier.
That compares with a Visible Alpha consensus estimate of A$428.47 million.
($1 = 1.4122 Australian dollars)
(Reporting by Nichiket Sunil and John Biju in Bengaluru; Editing by Edmund Klamann)
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