ASX:ALDOil and Gas
Ampol’s Loss and Dividend Cut Might Change The Case For Investing In Ampol (ASX:ALD)
Earlier this month, Ampol Limited reported a half-year net loss of A$25.3 million and a drop in sales to A$15.30 billion, alongside a reduced interim dividend of 40 cents per share, down from 60 cents a year prior.
This marked shift from profit to loss and the lowered dividend reveal both profitability and cash distribution pressures, coming as the company considers a major acquisition of EG Group Australia.
We'll now assess how Ampol's shift to a net loss and lower dividend payout...