Fuel retailer Ampol posts record full year profit

Fuel retailer Ampol posts record full year profit

Fuel large Ampol has introduced document full-year earnings, doubling its shareholder dividend and delivering a further 50c particular payout.

The firm, beforehand often called Caltex, posted a web revenue after tax simply shy of $760 million, a rise of 42 per cent in comparison with 2021.

High refining margins and its greatest comfort retail earnings in 5 years will imply a closing peculiar dividend of $A1.05 per share declared and full 12 months peculiar dividends of $A2.25 cents per share, totally franked.

The extra particular dividend will take whole dividends to $A2.75 cents per share.

Managing Director and CEO Matt Halliday declared 2022 “another very successful year for Ampol as the integrated supply chain combined to deliver a record financial result and supported the declaration of record shareholder dividends”.

“At the same time, we are continuing to deliver on our strategic priorities,” Mr Halliday mentioned in a press release.

“The rebrand to Ampol is now complete, we have achieved the Convenience Retail non-fuel RCOP Earnings Before Interest and Taxes uplift target ahead of schedule and the acquisition of (New Zealand distributor) Z Energy has delivered on our international growth ambitions.”

Source: www.perthnow.com.au