May 11, 2020 / 1:30 AM / 15 days ago

BRIEF-Incitec Pivot Posts HY Statutory NPAT Of A$65 Mln

May 11 (Reuters) - Incitec Pivot Ltd:

* HY STATUTORY NPAT A$65M, UP 22%

* COVID-19 PANDEMIC BRINGS FUTURE ECONOMIC UNCERTAINTY ON COMMODITY PRICING AND DEMAND

* EXPLOSIVES AND FERTILISER BUSINESSES ARE WELL POSITIONED FOR LONG TERM CUSTOMERS TRENDS

* WELL PLACED TO MANAGE SHORT TERM RISKS

* ABOUT A$60 MILLION IN CASH SAVINGS THROUGH COST INITIATIVES AND REDUCTIONS AND DEFERRALS IN CAPITAL EXPENDITURE

* CAPITAL RAISING TO REDUCE PRO FORMA NET DEBT TO A$1,276 MILLION AND NET DEBT/EBITDA TO 1.9X Source text for Eikon: Further company coverage:

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