Ampol Profit Soars 376% on Refinery Strength

Ampol, Australia's leading fuel retailer, reported a remarkable 376% increase in its interim profit for the half-year ended June 30. The company achieved a record underlying net profit after tax of A$857.2 million on a replacement cost basis, significantly surpassing the A$180.2 million recorded in the same period last year. This financial performance exceeded the A$840 million consensus estimate from Visible Alpha. The robust results were buoyed by strong margins at the Lytton refinery. Additionally, the company's convenience retail operations and its fuel and infrastructure segments provided substantial contributions to the overall profit. This period marks a significant financial achievement for Ampol, demonstrating strong operational performance across its key business areas.