Incitec Pivot Limited has reported a significant downturn in its financial performance for the half-year ended 31 March 2024, with both revenues and net profits experiencing substantial decreases compared to the previous year. Revenues fell by 19.4%, and net profit attributable to members plunged into a loss. Despite these challenges, the company has declared an interim dividend of 4.3 cents per share and a special dividend of 10.2 cents per share, although the Dividend Reinvestment Plan (DRP) remains suspended. This move to distribute dividends despite financial difficulties suggests a strategy to maintain shareholder confidence and deliver value to investors
