Incitec Pivot

Complete Year Earnings Loss of A$179.9 Million Posted by Incitec

Complete Year Earnings Loss of A$179.9 Million Posted by Incitec

Australia's largest fertilizer producer Incitec Pivot, revealed its complete year earnings on Monday, and posted a net loss of A$179.9 Million ($168 Million), reflecting an "unexpected goodwill writedown" of the firm's Dyno Nobel explosives division. Dyno was purchased by Incitec in June 2008. The current figures have been the exact opposite of figures posted for last year, which showed a profit of A$604.4 Million.

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